Arrange 'Fixed Assets' in proper order.
(A) Intangible assets under development
(B) Tangible assets
(C) Intangible Assets
(D) Capital Work in Progress
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (B), (C), (D), (A)
In the Balance Sheet format of Schedule III, fixed assets (under non-current assets) are shown in a fixed order: the finished assets first, tangible before intangible, and then the assets still being built, again tangible before intangible.
(B) Tangible assets — (i), the physical assets in use.
(C) Intangible assets — (ii), the non-physical assets in use.
(D) Capital Work in Progress — (iii), tangible assets still under construction.
(A) Intangible assets under development — (iv), intangible assets still being developed.
NCERT (2026-27 edition):
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