Question

In the notes to accounts, what are the items that a company is required to disclose according to Schedule III?

a.

Only tangible assets and inventories.

b.

Only trade receivables and non-current investments.

c.

A variety of items including share capital, reserves, long-term borrowings, and more.

d.

Only short-term loans and advances and contingencies.

Answer: (c).A variety of items including share capital, reserves, long-term borrowings, and more. Explanation:In the notes to accounts, a company is required to disclose various items including share capital, reserves and surplus, long-term borrowings, and other relevant information as per Schedule III.

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Q. In the notes to accounts, what are the items that a company is required to disclose according to Schedule III?

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