State how would you present short-term loans and advances under current assets in the balance sheet of a company as per Schedule III of the Companies Act, 2013?

Short-term loans and advances would be shown in the Balance Sheet as under: (a) Loans and Advances to Related parties (giving details thereof); (b) Others (specify nature). The above shall also be sub-classified as: (a) To the extent secured, considered good; (b) Others, considered good; (c) Doubtful. Allowance for bad and doubtful loans and advances shall be disclosed under the relevant heads separately. Loans and Advances due by directors or other officers of the company or any of them either severally or jointly with any other person debts due by firms or private companies respectively in which any director is a partner or a director or a member should be separately stated.