Under which major head will the following be shown:

(i) Share Capital; and (ii) Money Received Against Share Warrants?

• Shareholders Fund

• Reserves and Surplus

Under which sub-head will the following be classified or shown:

(i) Long-term Borrowings; (ii) Deferred Tax Liabilities (Net); and (iii) Long-term Provision?

• Non Current Liabilities

• Other Non Current Liabilities

Under which main head and sub-head of Equity and Liabilities part of the Balance Sheet are the following item classified or shown:

(i) Bonds; (ii) Debentures

• Long term borrowings & Long term provision

• Non current Liabilities & other Current Liabilities

• Non current liabilities and long term borrowings

Classify the following items under major head and sub-head (if any) in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013: (i) Capital Work-in-Progress: (ii) Provision for Warranties

• i) Fixed Asset & ii) Non current Liabilities

• i) Fixed Asset & ii)Current Assets

Under which heads the following items are classified or shown on the Assets part of the Balance Sheet of a company: (i) Loose Tools

• Non current assets and Trade Receivables

• Current Assets & Trade Receivables

• Current assets & Inventories

Identify the major heads under which the following items will be shown in the Balance Sheet of a company as per Schedule III of Companies Act, 2013:

(i) Provision for Tax.(ii) Loan payable on demand.

• Non Current Liabilities

• Current Liabilities

Classify the following item under major head and sub-head in the Balance Sheet of a company as per Schedule III of the Companies Act, 2013: i) Income received in Advance

• Current Liabilities

• Short term provision

• Other current liabilities

• Short term borrowings

Under which major head and sub-head of the Assets part of the Balance Sheet will the following be shown: Stores and Spares.

• Current Investments

• Current Assets

• Inventories

• Other Current Assets

State any two items that are included in the following major head under which liabilities of a company are shown: (i) Short term Borrowings.

• Loans repayable on demand

• Unpaid dividends

Current assets include only those assets which are expected to be realized within……

• (A) 3 months

• (B) 6 months

• (C) 1 year

• (D) 2 years