Question

Under which Major Heads 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: Design Unpaid dividend Capital work-in-progress

Hint:

Always refer to Schedule III, Part I of the Companies Act, 2013, to classify and present items correctly in the Balance Sheet.

Answer 1

According to Schedule III, Part I of the Companies Act, 2013: Design: Being an intangible asset, it is presented under \textit{Intangible Assets} within the \textit{Non-Current Assets} section. Unpaid Dividend: It is treated as a liability and shown under \textit{Other Current Liabilities} in the \textit{Current Liabilities} section. Capital Work-in-Progress: It is presented under \textit{Non-Current Assets} as it represents ongoing capital expenditures.