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 Schedule III balance sheet runs from Equity and Liabilities (shareholders’ funds, then non-current liabilities, then current liabilities) to Assets (non-current, then current). Each item falls in place by its head.
(C) Reserves and Surplus — part of Shareholders’ Funds, the first head of the balance sheet.
(B) Deferred tax liabilities — listed under Non-current Liabilities, which come next.
(D) Short-term provisions — the last item under Current Liabilities, which close the Equity and Liabilities side.
(A) Deferred tax assets — listed under Non-current Assets in the Assets part, which comes after all the liabilities.
NCERT (2026-27 edition):
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