How will you show following balances In balance sheet of a company as

How will you show following balances In balance sheet of a company as per schedule-III of Companies Act, 2013?(1) Loan to employees(2) Prepaid taxes(3) Cheque received from debtors(4) Stores and spare parts(5) Goodwill(6) Computer software(7) Interest accrued on investment(8) Advance given to creditors(9) Electricity deposit(10) Bank balance

Answer»

Particulars	Balance sheet head	Main head	Subhead
1. loan to employees	Assets	Non-current Assets	Long-term loans & Advances
2. Prepaid taxes	Assets	Current Assets	Other current Assets
3. Cheque received from debtors	Assets	Current Assets	Cash and cash equivalent
4. Stores and spare parts	Assets	Current Assets	Inventories
5. Goodwill	Assets	Non-current Assets	Fixed Assets – Intangible
6. Computer software	Assets	Non-current Assets	Fixed Assets – Intangible
7. Interest accrued on investment	Assets	Current Assets	Other current Assets
8. Advance given to creditors	Assets	Current Assets	Short-term loans & Advances
9. Electricity deposit	Assets	Non-current Assets	long-term loans & Advances
10. Bank balance	Assets	Current Assets	Cash and cash equivalent