As per Schedule III of the Companies Act, 2013, loose tools are included under the sub-head Inventories within Current Assets. Inventories include raw materials, work-in-progress, finished goods, stock-in-trade, stores and spares, and loose tools.
Select the sub-head under which loose tools will be shown in the Balance Sheet of a company -
Held on 29 May 2023 · Verified 13 Jul 2026.
Current Assets
Trade Receivables
Inventories
Other current Assets
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Work through every CUET UG Financial Statements PYQ, year by year.