Identify the correct sequence of current assets in company's Balance Sheet?
A. Bills Receivables
B. Cash & cash equivalents
C. Short-term loans & advances
D. Inventories
E. Current Investments
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → E, D, A, B, C
Schedule III fixes the order of the current assets in a company’s balance sheet:
(E) Current investments
(D) Inventories
(A) Bills receivable — shown under trade receivables
(B) Cash and cash equivalents
(C) Short-term loans and advances
Bills receivable are not a separate head in this list; they are shown under trade receivables, together with debtors.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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