Ownclasses

Under which heads and sub-heads the following items will appear in the Balance Sheet of a company as per revised Schedule VI, Part-I of the Companies Act 1956. 
i. Premium on Redemption of Debentures
ii. Loose Tools
iii. Balance with Banks

Answer
Items Heads Sub-Heads
Premium on Redemption of Debentures Non- Current Liabilities Other Long-Term Liabilities
Loose Tools Current Assets Inventories
Balance with Banks Current Assets Cash and Cash Equivalents