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:
Answer & explanation
Correct answer: option 4
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