Every company registered under The Companies Act 2013 shall prepare its balance sheet, 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. The correct sequence of Fixed assets to be shown would be:
(A) Capital Work-in-Progress
(B) Intangible Assets under Development
(C) Intangible Assets
(D) Tangible Assets
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (D), (C), (A), (B)
In the Schedule III Balance Sheet, Fixed assets under Non-Current Assets are shown in this order:
(D) Tangible Assets
(C) Intangible Assets
(A) Capital Work-in-Progress
(B) Intangible Assets under Development
NCERT (2026-27 edition):
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