Which among the following items is shown as a primary Major Head in the format structure of the balance sheet of a company?
- ADeferred tax assets
- BCurrent Assets
- CTrade payables
- DLong term provisions
Solution & Step-by-step Explanation
Under the structural guidelines of Schedule III of the Companies Act, 2013, Current Assets is recognized as a primary Major Head on the Assets side. The other items listed (such as Trade payables, Long-term provisions, Deferred tax assets) are sub-heads belonging under major headings.