The heading for current assets fitting no other category is
ACapital advances
BOther current assets
COther reserves
DStores and spares
Answer & Solution
Correct answer: B. Other current assets
Other current assets is an all-inclusive heading for current assets that fit no other category.
Keep practising Schedule III Division I Financial Statements
Browse all Schedule III Division I Financial Statements questions for CA Inter, or explore more Accounting topics.
Related questions
Subsidiaries not consolidated must be listed along withTransactions unrecorded in books but surrendered as income in tax assessments are shown asExport earnings in foreign exchange are disclosed on which basis?Imports must be disclosed on which valuation basis?A trading company discloses, under broad heads, itsA manufacturing company reports raw materials underDisclosure of CSR expenditure applies to companies covered underA separate item threshold is 1% of revenue or Rs 1,00,000, whichever is higher. For Rs 5 c