1.

Under which heads and sub-heads will the following items appear in the Balance Sheet of a company as per Schedule IE of the Companies Act, 2013.(i) Public Deposits(ii) Calls-in-Advance (iii) Building under construction

Answer»

(i) Public Deposits → Non-current liabilities → Long term borrowings 

(ii) Calls-in-Advance → Current liabilities → Other current liabilities 

(iii) Building under construction → Non-current assets → Capital work-in progress



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