Arrange the given components under the "Property, Plant and Equipment and Intangible Assets" sub-head of Non-Current Assets in the correct order of presentation in a corporate Balance Sheet:(A) Intangible assets under development(B) Tangible assets / Property, Plant and Equipment(C) Intangible Assets(D) Capital Work-in-ProgressChoose the correct answer from the options given below:
- A(A), (B), (D), (C)
- B(B), (C), (D), (A)
- C(B), (A), (D), (C)
- D(C), (D), (B), (A)
Solution & Step-by-step Explanation
According to the format prescribed in Part I of Schedule III of the Companies Act, 2013, under the main head of Non-current assets, structural assets flow systematically as follows:Property, Plant and Equipment (Tangible Assets) (B)Intangible Assets (C)Capital Work-in-Progress (D)Intangible assets under development (A)Hence, the correct sequence order is (B), (C), (D), (A).