Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.
(A) Trade payable
(B) Non-Current Investments
(C) Deferred tax Liabilities
(D) Intangible Assets
(E) Long term borrowing
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 1
The correct answer is option (1)- (E), (C), (A), (D), (B).
(E) Long term borrowing
(C) Deferred tax Liabilities
(A) Trade payable
(D) Intangible Assets
(B) Non-Current Investments
THE FORMAT OF BALANCE SHEET OF A COMPANY IS AS FOLLOWS-
(EQUITY AND LIABILITIES)
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
(ASSETS)
1) Non-Current Assets
- (a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development - (b) Non-current investments
- (c) Deferred tax assets (net)
- (d) Long-term loans and advances
- (e) Other non-current assets
2) Current Assets
- (a) Current investments
- (b) Inventories
- (c) Trade receivables
- (d) Cash and cash equivalents
- (e) Short-term loans and advances
- (f) Other current asset