Question

Under which main heads and sub heads will be the following items shown in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act 2013? (i) Securities Premium Reserve (ii) Interest accrued and due on secured loans. (iii) Premium on Redemption of Debenture. (iv) Provision for tax.​

Answer 1

Answer:

1. Head - Shareholder's Fund

Subhead - Reserve and Surplus

2. Head- Current liability

Subhead - other short term liabilities

3.Head - current liabilities

Subhead - other short term liab

4 Head- current liabilities

subhead- short term provisions