Financial Reporting - Schedule III

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Under Schedule III of Companies Act 2013, under Asset side, what should be disclosed as 1st item under Non Current Assets?

Is it Fixed Asset or Property, Plant and Equipment?

This is with respect to May 2019 Exams.
Replies (2)
Originally posted by : Piyush Shirodkar
Under Schedule III of Companies Act 2013, under Asset side, what should be disclosed as 1st item under Non Current Assets?Is it Fixed Asset or Property, Plant and Equipment?This is with respect to May 2019 Exams.

 

https://resource.cdn.icai.org/53885bos43274rtpmay19p1.pdf

https://www.mca.gov.in/Ministry/pdf/NotificationScheduleIII_12102018.pdf

Thanks

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