What is the correct order of writing subheads of fixed assets while preparing the balance sheet of a company?
A) Intangible assets
B) Intangible assets under development
C) Capital work-in-progress
D) Tangible assets
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- DACB.
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 assets