Debit Balance of Profit & Loss Statement will be shown in the Balance Sheet of a company under which of the following heads as per Schedule III of the Companies Act 2013 ?

Under the head Reserves and Surplus as a negative item

The correct answer is option 4- Under the head Reserves and Surplus as a negative item.

Significant additions/modifications regarding disclosure of reserve and surplus as per Schedule III of the Companies Act 2013 are as follows:
a) A reserve specifically represented by earmarked investments shall be termed as “Fund”.
b) ‘Debit’ balance of statement of profit and loss shall be shown as a negative figure under ‘Surplus’ sub head of the major head "Reserves and Surplus".