JW Ltd. was a company manufacturing geysers. As a part of its long-term goal for expansion, the company decided to identify the opportunity in rural areas. Initial plan was rolled out for Bhiwani village in Haryana. Since the village did not have a regular supply of electricity, the company decided to manufacture solar geysers. The core team consisting of the Regional Manager, Accountant, and the Marketing Manager was taken from the Head Office, and the remaining employees were selected from the village and neighborhood areas. At the time of preparation of financial statements, the accountant of the company fell sick, and the company deputed a junior accountant temporarily from the village for two months. The Balance Sheet was prepared by the junior accountant temporarily from the village for two months. The Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013: Items Major Head/Sub-Head Loose Tools Trade Receivables Cheques in Hand Current Investments Term Loan from Bank Other Long-term Liabilities Computer Software Tangible Fixed Assets Identify any two values that the company wants to communicate to society. Also, present the above items under the correct major heads and sub-heads as per Schedule III of the Companies Act, 2013.

JW Ltd. was a company manufacturing geysers. As a part of its long-term goal for expansion, the company decided to identify the opportunity in rural areas. Initial plan was rolled out for Bhiwani village in Haryana. Since the village did not have a regular supply of electricity, the company decided to manufacture solar geysers. The core team consisting of the Regional Manager, Accountant, and the Marketing Manager was taken from the Head Office, and the remaining employees were selected from the village and neighborhood areas. At the time of preparation of financial statements, the accountant of the company fell sick, and the company deputed a junior accountant temporarily from the village for two months. The Balance Sheet was prepared by the junior accountant temporarily from the village for two months. The Balance Sheet prepared by the junior accountant showed the following items against the Major Heads and Sub-heads mentioned which were not as per Schedule III of the Companies Act, 2013:

Items Major Head/Sub-Head
Loose Tools
Trade Receivables
Cheques in Hand
Current Investments
Term Loan from Bank
Other Long-term Liabilities
Computer Software
Tangible Fixed Assets

Identify any two values that the company wants to communicate to society. Also, present the above items under the correct major heads and sub-heads as per Schedule III of the Companies Act, 2013.

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