Which balance?
under Current Asset
Cash and cash equivalents
Classification under Cash and cash equivalents:
Cash and cash equivalents shall be classified as:-
| a. | Balances with Banks (of the nature of cash and cash equivalents); | |
| b. | Cheques, drafts on hand; | |
| c. | Cash on hand; and | |
| d. | Balances with Banks (subject to Repatriation Restrictions) |
As per Schedule III of Companies Act, 2013, the bank/Cash balance which are subject to repatriation restrictions needs to separately shown under 'Cash & Cash Equivalents'.
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