Accountancy Part BFinancial Statements of a Company

Arrange the following in a correct sequence to prepare liabilities si…

Arrange the following in a correct sequence to prepare liabilities side of balance sheet as per Schedule III of Companies Act, 2013:

(A) Non-Current Liabilities

(B) Shareholders' Funds

(D) Share Application money pending allotment

Choose the correct answer from the options given below:

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → (B), (D), (A), (C)

(B) Shareholders' Funds

(D) Share Application money pending allotment

(A) Non-Current Liabilities

(C) Current Liabilities

NCERT (2026-27 edition):
Types of Financial Statements – “… Every company registered under The Companies Act 2013 shall prepare its balance sheet, statement of profit and loss and notes to account thereto in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013 to harmonise the disclosure requirement with the accounting standards and to converge with new reforms.”

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

Extract from the NCERT textbook