Rearrange the following items of current assets in an order as prescribed in schedule III of companies Act 2013 for Balance Sheet Preparation.
A. Inventories
B. Trade receivables
C. Short term loans and advances
D. Cash and Cash equivalent
E. Current investment
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → E, A, B, D, C
Schedule III lists the current assets in a fixed order.
E. Current investment — (a), first.
A. Inventories — (b).
B. Trade receivables — (c).
D. Cash and Cash equivalent — (d).
C. Short term loans and advances — (e), followed only by (f) other current assets.
NCERT (2026-27 edition):
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