Arrange the following under the heading Equities and Liabilities in the balance sheet of a company in the correct order from top to bottom as per Schedule III of the Companies Act, 2013:(A) Non-current liabilities(B) Current liabilities(C) Shareholders' fund(D) Share application money pending allotmentChoose the correct answer from the options given below:
- A(A), (B), (C), (D)
- B(A), (C), (B), (D)
- C(C), (D), (A), (B)
- D(C), (B), (D), (A)
Solution & Step-by-step Explanation
According to Part I of Schedule III of the Companies Act, 2013, the main headings under the Equity and Liabilities section of a company's Balance Sheet must follow this sequence:Shareholders' Funds (C)Share application money pending allotment (D)Non-current liabilities (A)Current liabilities (B)Thus, the correct sequential order is (C), (D), (A), (B).