The statement is true. A debenture redemption reserve is shown on the balance sheet under:

• The head 'shareholders' funds'
• The sub-head 'reserves and surplus'

This reserve is created to ensure the company has sufficient funds to redeem its debentures when they mature.

Copyrights and patents are shown under the head ‘non-current assets’ under the sub-head ‘fixed assets-intangible assets’ in the balance sheet of a company.

Current liabilities = Short-term borrowings + Trade Payables + Other current liabilities + Short-term provisions

Current liabilities = 3,00,000 + 2,00,000 + 1,00,000 + 1,00,000 

= ₹ 7,00,000

They are intangible assets and come under sub-head fixed assets under the head non-current assets.

The fiscal policies, particularly taxation policies of the government, are related with the financial performance of corporate undertakings. The financial statements provide basic input for industrial, taxation and other economic policies of the government.

Loose tools are considered as a part of inventories.

Public deposits are long-term borrowings and are non-current liabilities, hence not shown on the assets side of the balance sheet.

Total under assets side = Non-current assets + Current assets = 5,00,000 + 2,00,000

= ₹ 7,00,000

They are shown under other expenses.

Revenue from operations = Sales -  Sales return + Sale of scrap = 20,00,000 - 1,00,000 + 40,000 
= ₹ 19,40,000