What is the correct order of the following items under the sub-head Fixed Assets in the Balance Sheet?
Intangible Assets
Tangible Assets
Intangible assets under development
Capital Work in Progress
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Tangible assets, Intangible assets, Capital Work in progress, Intangible assets under development.
BALANCE SHEET FORMAT
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Particulars |
Note no |
Figures at the end of current year |
Figures at the end of previous year |
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EQUITY AND LIABILITIES 1) Shareholder’s Funds
2) Share Application money pending allotment 3) Non-current Liabilities
4) Current Liabilities
Total ASSETS 1) Non-Current Assets
(i) Tangible assets
2) Current Assets
Total |
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