Under what headings will you show the following items in the Balance Sheet of the Company: (i) Goodwill (ii) Loose Tools. (C.B.S. E. 2017, 2018)

SOLUTION

S. No.	Items	Heading	Sub-heading (if any)
(i)	Goodwill	Non-Current Assets	Fixed Assets-Intangible Assets
(ii)	Loose Tools	Current Assets	Inventories