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:
Options:
C, A, B, E, D
D, C, E, A, B
B, D, E, C, A
E, D, A, B, C
Correct Answer:
E, D, A, B, C
Explanation:
* EQUITY AND LIABILITIES 1) Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants 2) Share Application money pending allotment 3) Non-current Liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions 4) Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions * ASSETS 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
