Ownclasses

List the items which are shown under the heading current liabilities and provisions as per Schedule VI Part-I of the Companies' Act, 1956. 

Answer

The following items are shown under the heading current liabilities and provisions under the companies Act 1956:

Current Liabilities:
a)  Interest accrued and due on borrowings
b)  Income received in advance
c)  Unpaid dividend etc.

Provisions include:
a) Provision for dividend,
b) Provision for taxation,
c) Provision for warranties etc