Balance Sheet Statement

1 previous year questions.

Volume: 1 Ques

Yield: Medium

2026

Chapter Questions
1 MCQs

PYQ 2026

medium

accountancy ID: mpbse-cl

Write the main head and subhead of following items : (i) Creditors (ii) Patent (iii) Stock

Correct Option: (1)

According to Schedule III of the Companies Act, 2013, the balance sheet items are classified under main heads and subheads as follows: (i) Creditors ........ (m) Item Main Head Subhead Creditors Current Liabilities Trade Payables (ii) Patent ........ Item Main Head Subhead Patent Non-Current Assets Fixed Assets (Intangible Assets) (iii) Stock ........ (d) Item Main Head Subhead Stock Current Assets Inventories