Question

How will you show following balance sheet of a company as per schedule-III of balances in Companies Act, 2013?

(1) Debenture
(2) Debenture redemption reserve
(3) Public deposit
(4) Term loan
(5) Bills payable
(6) Bank overdraft
(7) Calls in advance
(8) Proposed dividend
(9) Provision for gratuity
(10) Workmen accident compensation fund

Answer 1

Particulars	Balance sheet head	Main head	Subhead
1. Debenture	Equity-liabilities	Non-current liabilities	Long-term borrowings
2. Debenture redemption reserve	Equity-liabilities	Shareholders fund	Reserve and surplus
3. Public deposit	Equity-liabilities	Shareholders’ fund	Long-term borrowings
4. Term loan	Equity-liabilities	Non-current liabilities	Long-term borrowings
5. Bills payable	Equity-liabilities	Current liabilities	Trade payables
6. Bank overdraft	Equity- liabilities	Current liabilities	Short-term borrowings
7. Calls in advance	Equity- liabilities	Current liabilities	Other current liabilities
8. Proposed dividend	Equity-liabilities	Current liabilities	Short-term provisions
9. Provision for gratuity	Equity-liabilities	Non-current liabilities	Long-term provisions
10. Workmen accident compensation fund	Equity-liabilities	Shareholders’ fund	Reserve and surplus