Question

What is the correct sequence to prepare company’s Balance Sheet as per the standard format given according to Schedule III of Companies Act, 2013?
A. Non-Current Liability
B. Non-Current Assets
C. Shareholder’s Fund
D. Current Assets
E. Current Liability
Choose the correct answer from the options given below:

• A. C, A, B, E, D
• B. A, B, C, D, E
• C. C, A, E, B, D
• D. A, C, E, B, D

Hint:

Schedule III format lists equity and liabilities first, then assets; current liabilities come before assets section.

Answer 1

The Correct Option is C

Step 1: Comprehend Schedule III Balance Sheet Structure
Equity sections begin with Shareholder’s Fund (C).
This is followed by Non-Current Liabilities (A).
Subsequently, Current Liabilities (E) are presented.
Under assets, Non-Current Assets (B) precede Current Assets (D).Step 2: Final Order
The accurate order is: C, A, E, B, D.