Ownclasses

Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per revised Schedule-VI, Part-I of the Companies Act, 1956:
(i) Accrued Incomes
(ii) Loose Tools
(iii) Provision for employees benefits
(iv) Unpaid dividend
(v) Short-term loans
(vi) Long-term loans.

Answer

 

ITEMS

SUB-HEAD

(i) Accrued Incomes

Other Current Assets

(ii) Loose Tools

Inventories

(iii) Provision for Employees benefits

Short-Term Provisions

(iv) Unpaid Dividend

Other Current Liabilities

(v) Short-Term Loans

Short-Term Borrowings

(vi) Long-Term Loans

Long-Term Borrowings