12V3FinancialStatmentofaCompany2022-2023

What are the major heads in the Equity and Liabilities part of the Balance Sheet as per Schedule III?  

The major heads in the Equities and Liabilities part of the Balance sheet are:

i. Shareholder’s Funds,

ii. Share Application Money Pending Allotment,

iii. Non- Current Liabilities and

iv. Current Liabilities

Under which major head will the following be shown:

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

List any five items that are shown under Reserves and Surplus.

Items shown under Reserves and Surplus are:

i. Capital Reserve,

ii. Capital Redemption Reserve,

iii. Securities Premium Reserve,

iv. Debenture Redemption Reserve,

v. Revaluation Reserve etc.

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?

Name the items that are shown under Long-term Borrowings.

Items shown under Long-term Borrowings are:

a. Debentures,

b. Bonds,

c. Terms Loans (both from Banks and from others),

d. Public Deposits,

e. Other Loans and Advances.