alleryStart learning →Other long-term liabilities are classified into trade payables and
- Reserves
- Deposits
- Provisions
- Others
Show answer and solution
Correct answer: D. Others
Other long-term liabilities split into trade payables and a residual group of others.
CA Inter Schedule III Division I Financial Statements — practice questions — page 2
Explore 85 free Schedule III Division I Financial Statements questions in CA Inter Accounting. Open each question or exercise to read its content, reference answers and available explanation.
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Showing questions 31–60 of 85.
Other long-term liabilities are classified into trade payables andRead the answer and worked solution →Short-term borrowings include which of these heads?Read the answer and worked solution →Interest paid by a buyer to a micro or small supplier is disclosed under which MSMED Act, 2006 section?Read the answer and worked solution →The shortest bucket in the trade payables ageing schedule isRead the answer and worked solution →In ageing schedules, unbilled dues areRead the answer and worked solution →Interest accrued but not due on borrowings is shown underRead the answer and worked solution →Income received in advance is classified underRead the answer and worked solution →Unpaid dividends are reported asRead the answer and worked solution →Which is a class of Property, Plant and Equipment?Read the answer and worked solution →Assets taken on lease are required to beRead the answer and worked solution →After a write-off on reduction of capital, the reduced amount and date are shown forRead the answer and worked solution →Mastheads and publishing titles are classified asRead the answer and worked solution →Investment property is listed under which head?Read the answer and worked solution →Non-current investments carried at other than cost must stateRead the answer and worked solution →For quoted investments, the aggregate amount is shown with theirRead the answer and worked solution →The aggregate provision made for fall in value of investments is calledRead the answer and worked solution →For investments in partnership firms, details given include each partner'sRead the answer and worked solution →Capital advances are classified underRead the answer and worked solution →Which is a valid sub-class for long-term loans and advances?Read the answer and worked solution →Loans due from directors or their firms must beRead the answer and worked solution →Long-term trade receivables are shown underRead the answer and worked solution →For current investments, the basis of valuation is given forRead the answer and worked solution →Goods in transit are disclosedRead the answer and worked solution →Inventories disclosures must state theRead the answer and worked solution →Cheques and drafts on hand are shown underRead the answer and worked solution →Bank balances kept for paying unpaid dividend areRead the answer and worked solution →Bank balances held as margin money areRead the answer and worked solution →Bank deposits with maturity over what period are separately disclosed?Read the answer and worked solution →Restrictions on moving cash and bank balances abroad are calledRead the answer and worked solution →The heading for current assets fitting no other category isRead the answer and worked solution →
Worked practice questions
Short-term borrowings include which of these heads?
- Bonds and debentures
- Deferred payment liabilities
- Finance lease obligations
- Loans repayable on demand
Show answer and solution
Correct answer: D. Loans repayable on demand
Loans repayable on demand, from banks or other parties, are the first head of short-term borrowings.
Interest paid by a buyer to a micro or small supplier is disclosed under which MSMED Act, 2006 section?
- Section 9
- Section 16
- Section 23
- Section 31
Show answer and solution
Correct answer: B. Section 16
Trade payables disclosures ask for interest paid by the buyer under section 16 of the MSMED Act, 2006.
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