Arrange the following Balance Sheet items in the top-to-bottom sequence prescribed for the format of a corporate Balance Sheet under the revised Schedule III to the Companies Act, 2013:(A) Current Assets(B) Shareholder's Funds(C) Non-current Liabilities(D) Non-Current Assets(E) Current LiabilitiesChoose the correct answer from the options given below:
- A(E), (A), (B), (C), (D)
- B(A), (C), (B), (E), (D)
- C(B), (C), (E), (D), (A)
- D(C), (B), (E), (D), (A)
Solution & Step-by-step Explanation
According to Part I of Schedule III to the Companies Act, 2013, the Balance Sheet layout is arranged vertically in two main segments:EQUITY AND LIABILITIESShareholders' Funds (B)Share application money pending allotmentNon-Current Liabilities (C)Current Liabilities (E)ASSETSNon-Current Assets (D)Current Assets (A)Thus, the logical order of appearance from top to bottom is (B), (C), (E), (D), (A).