Question

Give major heads under which the following items will be shown in a company's Balance Sheet as per Schedule III, Part I of the Companies Act, 2013.
(i) Trade Payables,
(ii) Provision for Tax
Surplus, i.e., Balance in Statement of Profit and Loss (Dr.), and
(iv) Surplus, i.e., Balance in Statement of Profit and Loss.

Answer 1

Answer:

Give major heads under which the following items will be shown in a company's Balance Sheet as per Schedule III, Part I of the Companies Act, 2013. <br> (i) Trade Payables, <br> (ii) Provision for Tax <br> Surplus, i.e., Balance in Statement of Profit and Loss (Dr.), and <br> (iv) Surplus, i.e., Balance in Statement of Profit and Loss.