Arrange the following balance sheet items in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013-
(A) Current Assets
(B) Shareholder's Funds
(C) Non-current Liabilities
(D) Non-Current Assets
(E) Current Liabilities
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (B), (C), (E), (D), (A)
The balance sheet prescribed by Schedule III is a vertical statement in two parts: first Equity and Liabilities, then Assets. Within each part the long-term items come before the current ones. The order is:
(B) Shareholders’ Funds
(C) Non-current Liabilities
(E) Current Liabilities
(D) Non-Current Assets
(A) Current Assets
NCERT (2026-27 edition):
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