Ramnath Ltd is dealing in import ofnorganic food items in bulk. The company sells the items in smaller quantities in attractive packages. Performance of the company has been up to the expectations in the past. Keeping up with the latest packaging technology, the company decided to upgrade its machinery. For this , the finance manager of the company was asked to present the financial statements . He furnished the following particulars before you.Capital advances ₹25,00,000Capital work in progress ₹1,50,00,000Bank overdraft ₹56,00,000Unclaimed dividend ₹35,000Outstanding salary ₹40,000Trade payables ₹48,000Computer software ₹50,00,000Cheques in hand ₹48,000 General Reserve ₹38,00,000 Public deposits ₹80,00,000 Patents ₹38,00,000 Answer the following questions1) Under which major heading and sub heading will Capital advances be presented in the Balance sheet of the company as per Schedule III Part I of Companies Act 2013a) Noncurrent asset –Long term loans & advances b) Noncurrent asset- fixed asset (Tangible) c) Noncurrent asset-long term borrowings d) Noncurrent asset- Fixed asset (Intangible) 2) Under which major heading and sub heading will Unclaimed dividend be presented in the Balance sheet of the company as per Schedule III Part I of Companies Act 2013 a) Current liabilities- Short term provisions b) Current liabilities- Short term borrowings c) Current liabilities- Other Current liabilities d) Current liabilities- Trade payables3) Under which major heading and sub heading will Cheques in hand be presented in the Balance sheet of the company as per Schedule III Part I of Companies Act 2013 a) Current Assets- Other current assets b) Current assets- Cash & Cash equivalents c) Current Assets- Inventories d) Current Assets- Current investments 4) Under which major heading and sub heading will Public deposits be presented in the Balance sheet of the company as per Schedule III Part I of Companies Act 2013 a) Noncurrent liabilities- Long term borrowings b) Noncurrent assets- Noncurrent investments c) Noncurrent liabilities- Long term provisions d) Noncurrent Liabilities- Other noncurrent liabilities