Arrange the following Current Liabilities in sequence as per Balance Sheet Format.
(A) Short-term borrowings
(B) Trade payables
(C) Other current liabilities
(D) Short-term provisions
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A), (B), (C), (D)
In the Schedule III balance sheet, current liabilities are listed in this order:
(A) Short-term borrowings
(B) Trade payables
(C) Other current liabilities
(D) Short-term provisions
NCERT (2026-27 edition):
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