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    Question

    As per Schedule III of the Companies Act, 2013, long

    term provisions are shown –
    A By way of deduction from respective non-current asset Correct Answer Incorrect Answer
    B As a part of shareholders funds Correct Answer Incorrect Answer
    C Under the heading Non-Current Liabilities Correct Answer Incorrect Answer
    D Under the separate heading Provisions Correct Answer Incorrect Answer

    Solution

    Long-term provisions, as per Schedule III of the Companies Act, 2013, are typically categorized under the heading "Non-Current Liabilities" in the balance sheet.

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