As per Schedule III, Part I of the Companies Act, 2013, ‘calls-in-arrears’ will be presented under which of the following head/sub-head, in the Balance Sheet of a company ? [1]
A. Reserves and Surplus
B. Current Liabilities
C. Contingent Liabilities
D. Shareholders’ Funds
Answer:D
As per Schedule III, Part I of the Companies Act, 2013, ‘calls-in-arrears’ will be presented under which of the following head/sub-head, in the Balance Sheet of a company ? [1]
A. Reserves and Surplus B. Current Liabilities C. Contingent Liabilities D. Shareholders’ Funds