Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013: Capital Work-in-Progress Stores and Spares Public Deposits

Question

Alfa Ltd. offered for public subscription 50,000 equity shares of ₹ 10 each at ₹ 110 per share. The entire amount was payable on application. Applications were received for 48,000 shares and allotment was made to all the applicants. The amount received on application will be:

Answer 1

1. Capital Work-in-Progress: Classified as Non-current assets within the "Fixed Assets" section. 2. Stores and Spares: Classified as Current assets under the "Inventories" section. 3. Public Deposits: Classified as Current liabilities within the "Other Current Liabilities" section.

Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013: Capital Work-in-Progress Stores and Spares Public Deposits

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