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 order of presentation in the Balance Sheet is as follows:
I. Equity and Liabilities
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Shareholders’ Funds → (B)
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Non-current Liabilities → (C)
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Current Liabilities → (E)
II. Assets
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Non-current Assets → (D)
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Current Assets → (A)