Arrange the following in a sequence under the head Current assets of Assets Side of Balance Sheet of a Company as per Schedule III of Companies Act, 2013.
A. Current Investment
B. Trade Receivables
C. Inventories
D. Cash and Cash equivalents
E. Short term loans and advances
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A, C, B, D, E
Schedule III lists the sub-heads of Current Assets in a fixed order:
(A) Current Investment – first sub-head, (a).
(C) Inventories – second, (b).
(B) Trade Receivables – third, (c).
(D) Cash and Cash equivalents – fourth, (d).
(E) Short term loans and advances – fifth, (e); “Other current assets” comes last, (f).
NCERT (2026-27 edition):
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