What is the correct order of the following items under the head Shareholder's fund in the Balance Sheet?
Share Capital, Money received against Share warrants, Reserves and Surplus?
Answer & explanation
Correct answer: option 2
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 (a) Share Capital (b) Reserve sand Surplus (c) Money received against share warrants 2) Share Application money pending allotment 3) Non-current Liabilities (a) Long term borrowings (b) Deferred tax liabilities(net) (c) Other long term liabilities (d) Long term provisions 4) Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions Total
1) Non-Current Assets (a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital work-in-progress (iv) Intangible assets under development (b) Non-current investments (c) Deferred tax assets(net) (d) Long-term loans and advances (e) Other non-current assets 2) Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short term loans and advances (f) Other current assets Total |
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