Arrange the following in correct sequence in preparation of the Balance sheet of a company.
(A) Non-current Liabilities
(B) Shareholder's Funds
(C) Current Liabilities
(D) Contingent liabilities
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: (B), (A), (C), (D)
Order per Schedule III: Shareholders’ Funds → Non-current Liabilities → Current Liabilities, with Contingent Liabilities