The manner prescribed in the revised schedule III to the companies act, 2013, the particulars of balance sheet will appear in the order:

(A) Deferred tax assets

(B) Deferred tax liabilities

(C) Reserves and Surplus

(D) Short-term provisions

Choose the correct answer from the options given below:

(C), (B), (D), (A)

The correct answer is option 4- (C), (B), (D), (A).

The manner prescribed in the revised schedule III to the companies act, 2013, the particulars of balance sheet will appear in the order:

(C) Reserves and Surplus

(B) Deferred tax liabilities

(D) Short-term provisions

(A) Deferred tax assets

THE FORMAT OF BALANCE SHEET OF A COMPANY IS AS FOLLOWS-

(EQUITY AND LIABILITIES)

1) Shareholder’s Funds

• (a) Share Capital
• (b) Reserves and 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

(ASSETS)

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 asset