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:

E, A, B, D, C

The correct answer is Option (2) - E, A, B, D, C.

The sequence of Current Assets in the balance sheet is as follows-

(1) Current investments
(2) Inventories
(3) Trade receivables include bills receivable
(4) Cash and cash equivalents include cash at bank
(5) Short-term loans and advances
(6) Other current assets