Arrange the following items in a sequence which appear under Equities and Liabilities in the balance sheet as per revised Schedule III to the Companies Act, 2013.
(A) Non - Current Liabilities
(B) Current Liabilities
(C) Shareholders' Funds
(D) Share Application money pending allotment
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (C), (D), (A), (B)
Schedule III to the Companies Act, 2013 fixes the order of the heads under Equity and Liabilities in a company's balance sheet:
(C) Shareholders' Funds
(D) Share Application money pending allotment
(A) Non - Current Liabilities
(B) Current Liabilities
NCERT (2026-27 edition):
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