Question:medium
Under which major head and sub-heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013?
(i) Demand deposits with banks
(ii) Long-term loans
(iii) Livestock
Under which major head and sub-heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013?
(i) Demand deposits with banks
(ii) Long-term loans
(iii) Livestock
(ii) Long-term loans
(iii) Livestock
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As per Schedule III:
- Cash and Cash Equivalents include: Cash in hand, cheques in hand, balance with banks (including demand deposits)
- Long-term Loans and Advances: Loans given for >12 months
- Property, Plant and Equipment: Tangible assets held for use in business (including livestock used for operations)
Updated On: Mar 3, 2026
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