"Fixed Asset held for sale" will be classified in the Balance Sheet as per Schedule III of the Companies Act as:
CA Intermediate · Advanced Accounting · PYQS · September 2024
"Fixed Asset held for sale" will be classified in the Balance Sheet as per Schedule III of the Companies Act as:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
Current Asset
Topics: AS 13, AS 22
Related Questions in this Topic
- ABC Ltd. wants to re-classify its investments in accordance with AS 13. Decide and state on the amount of transfer, base...
- Sun Ltd. has fabricated special equipment (solar power panel) during 2024-2025 as per drawing and design supplied by the...
- Cropex Ltd. has the following property but is unsure about how to account for the same: A Tennant House has costed ₹15,...
- A Limited, an Indian company listed on the National Stock Exchange, is engaged in various businesses. Its tourism busine...
- Kumar Ltd. purchased on 1st April, 2025 8% convertible debenture in Hello Ltd. of face value of ₹ 2,00,000 @ ₹ 108. On 1...