What is true in respect of classification of Investments in the balance sheet of a company?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- All of the above.
As per Schedule III of the Companies Act 2013, the Investments are also classified into current and non-current categories. Investments expected to realise within twelve months are considered as current investments under current assets. Others are classified as non-current investments under non-current assets. Both are however shown on the face of the balance sheet.