X Ltd. paid ₹ 20 Lakh as advance to the vendor to install a Hydro Power Plant. This amount is to be disclosed in the balance sheet as per Schedule III of the Companies Act, 2013 under:
CS Executive · Corporate and Management Accounting · PYQS · June 2024
X Ltd. paid ₹ 20 Lakh as advance to the vendor to install a Hydro Power Plant. This amount is to be disclosed in the balance sheet as per Schedule III of the Companies Act, 2013 under:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Corporate Accounting
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