Arrange the following under the heading Equities and Liabilities in balance sheet of a company.
(A) Non-current liabilities
(B) Current liabilities
(C) Shareholders fund
(D) Share application money pending allotment
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (C), (D), (A), (B)
Schedule III prescribes the order of heads under Equity and Liabilities in a company’s balance sheet:
(C) Shareholders fund
(D) Share application money pending allotment
(A) Non-current liabilities
(B) Current liabilities
NCERT (2026-27 edition):
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