What is the correct order of non-current assets while preparing balance sheet of a company?
A) Fixed assets
B) Non-current investments
C) Deferred tax assets
D) Long-term loans and advances
Answer & explanation
Correct answer: option 1
The correct answer is option 1- ABCD.
ASSETS SIDE OF THE BALANCE SHEET IS AS FOLLOWS-
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