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Question
What are the major heads in the Equity and Liabilities part of the Balance Sheet as per Schedule III?
Solution
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
Balance Sheet
as at_______
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Particulars |
Note No. |
Amount (Rs) |
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I. Equity and Liabilities |
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1. Shareholders’ Funds |
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a. Share Capital |
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b. Reserves and Surplus |
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c. Money Received against Share Warrants |
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2. Share Application Money Pending Allotment |
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3. Non-Current Liabilities |
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a. Long-term Borrowings |
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b. Deferred Tax Liabilities (Net) |
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c. Other Long-term Liabilities |
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d. Long Term Provisions |
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4. Current Liabilities |
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a. Short-term Borrowings |
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b. Trade Payables |
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c. Other Current Liabilities |
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d. Short-term Provisions |
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Total |
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| VK Ltd. Journal |
||||
| Date | Particulars | L.F. |
Dr. Rs |
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| Feb 1 |
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| ______ | ______ |
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