Which of the following assets is not shown under the "Fixed Asset" in the Balance Sheet as per Schedule III of the Companies Act 2013?

Bills receivable

The correct answer is option 2- Bills receivable.

Bills receivable will fall under current Assets.

Bills receivable is the asset that is not shown under the sub-head "Fixed Asset" in the Balance Sheet as per Schedule III of the Companies Act 2013. According to Schedule III of the Companies Act 2013, fixed assets include tangible assets such as buildings and vehicles, as well as intangible assets like patents and copyrights.