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Home Questions 2J3EHHPK7J
Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Debentures are shown in the Balance Sheet under the head of ______________as per Schedule III of the Companies Act 2013.

Options:

Secured Loans

Unsecured Loans

Long Term Borrowing under the head "non Current Liabilities"

Share capital

Correct Answer:

Long Term Borrowing under the head "non Current Liabilities"

Explanation:

The correct answer is option 3- Long Term Borrowing under the head "non Current Liabilities".

Debentures are shown in the Balance Sheet under the head of Long Term Borrowing under the head "non Current Liabilities" as per Schedule III of the Companies Act 2013.

CUET Questions