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Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013. Items Major Head/Sub-head Loose Tools Trade Receivables Cheques in Hand Current Investments Term Loan from Bank Other Long-term Liabilities Computer Software Tangible Fixed Assets You are required to represent the items as per the Companies Act, 2013, |
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Answer» Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013. Items Major Head/Sub-head Loose Tools Trade Receivables Cheques in Hand Current Investments Term Loan from Bank Other Long-term Liabilities Computer Software Tangible Fixed Assets You are required to represent the items as per the Companies Act, 2013, |
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