What is the correct sequence to prepare company's Balance Sheet as per the standard format given according to schedule III of Companies Act 2013?
A. Non Current Liability
B. Non Current Assets
C. Shareholder's Fund
D. Current Assets
E. Current Liability
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → C, A, E, B, D
The Schedule III balance sheet shows Equity and Liabilities first, then Assets, each from the most permanent item to the most current:
(C) Shareholder’s Fund — head 1 under Equity and Liabilities.
(A) Non Current Liability — head 3, after share application money pending allotment.
(E) Current Liability — head 4, the last head on the liabilities side.
(B) Non Current Assets — head 1 under Assets.
(D) Current Assets — head 2, the last head of the balance sheet.
NCERT (2026-27 edition):
|
