In respect of which of the following item, supremacy is given to Indian Accounting Standard over the Schedule III of the Companies Act in the context of disclosure in the Balance sheet of a company?

Cash and cash equivalent

Cash and cash equivalent are always current. However, amounts that qualify as cash and cash equivalents as per AS-3 are shown in the financial statements of a company. Thus,supremacy is accorded to AS over Schedule III of the Companies Act in case of cash and cash equivalents and these are to the disclosed in accordance to the AS-3 in the financial statements.