Under what headings will you show the following items in the Balance Sheet of a Company; (i) Preliminary Expenses; (ii) Acceptances (B/P)

SOLUTION

S. No.	Items	Heading	Sub-Heading (If any)
(i)	Preliminary Expenses	Not shown in Balance Sheet as they are written off in the same year.
(ii)	Acceptance (B/P)	Current Liabilities	Trade payables