Accountancy Part BFinancial Statements of a Company

Arrange the following as per the provisions of the Companies Act 2013…

Arrange the following as per the provisions of the Companies Act 2013 in Schedule III.

A. Inventories
B. Short-term loans and advances
C. Current Investments
D. Bills Receivables
E. Cash at Bank

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → C, A, D, E, B

Schedule III lists current assets in this order:

(C) Current Investments – first.

(A) Inventories – second.

(D) Bills Receivables – part of trade receivables, third.

(E) Cash at Bank – part of cash and cash equivalents, fourth.

(B) Short-term loans and advances – fifth (other current assets come last).

NCERT (2026-27 edition):
Types of Financial Statements

Extract from the NCERT textbook

NCERT (2026-27 edition):
Current Ratio – “… Current assets include current investments, inventories, trade receivables (debtors and bills receivables), cash and cash equivalents, short-term loans and advances and other current assets such as prepaid expenses, advance tax and accrued income, etc.”