Choose the correct sequence of the following heads (Under EQUITY AND LIABILITIES) as per the format of the Balance Sheet in the revised Schedule III to the Companies Act, 2013.
A. Current Liabilities
B. Non-current Liabilities
C. Shareholder’s Funds
D. Share Application money pending allotment
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → C, D, B, A
Schedule III lists the Equity and Liabilities side in a fixed order: the owners' funds first, then money received for shares not yet allotted, then the long-term and finally the short-term obligations.
C. Shareholder’s Funds
D. Share Application money pending allotment
B. Non-current Liabilities
A. Current Liabilities
NCERT (2026-27 edition):
|
