‘Security deposits’ are presented in the balance sheet of the company under the sub-head ______.

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KollegeApply · Accepted Answer

‘Security deposits’ are presented in the balance sheet of the company under the sub-head other non-current assets. Explanation: Specifically, security deposits given for a period of more than 12 months from the date of the Balance Sheet are classified as Other Non-Current Assets, for example, security deposits for electricity and telephone. This classification is distinct from Long-term Loans and Advances or Current Assets.

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