Arrange the following items of balance sheet in order of appearance from top to down (As per schedule III of Companies Act, 2013).
(A) Share Application money pending allotment
(B) Long term provisions
(C) Money received against share warrants
(D) Short term provisions
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (C), (A), (B), (D)
In the Schedule III balance sheet, Equity and Liabilities are shown in this order: Shareholders' Funds, Share Application money pending allotment, Non-current Liabilities and Current Liabilities.
(C) Money received against share warrants — the last item under Shareholders' Funds, after share capital and reserves and surplus.
(A) Share Application money pending allotment — a head of its own, placed between Shareholders' Funds and Non-current Liabilities.
(B) Long term provisions — the last item under Non-current Liabilities.
(D) Short term provisions — the last item under Current Liabilities, so it comes at the bottom.
NCERT (2026-27 edition):
|
