Correct sequence of Balance Sheet
A. Short term Loans and Advances
B. Deferred tax liability (Net)
C. Shareholders Fund
D. Capital (work in -progress)
E. Current Liabilities
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → C, B, E, D and A
The Balance Sheet under Schedule III shows Equity and Liabilities first (shareholders’ funds, non-current liabilities, current liabilities) and then Assets (non-current assets, then current assets).
(C) Shareholders Fund — the first item under Equity and Liabilities.
(B) Deferred tax liability (Net) — a non-current liability.
(E) Current Liabilities — the last group of liabilities.
(D) Capital (work in -progress) — a fixed asset under non-current assets.
(A) Short term Loans and Advances — a current asset, near the end of the assets side.
NCERT (2026-27 edition):
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