What is the sequence of writing the following item in the balance sheet of the company according to the Companies Act,2013?
1) Shareholder’s Funds
2) Current Liabilities
3) Share Application money pending allotment
4) Non-current Liabilities

1342

The correct answer is option 2-1342

The format of vertical balance sheet of EQUITY AND LIABILITIES side is as follows-
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