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mediumMCQCUET Accountancy 2022 30 Aug Shift 22026Accountancy
1 mark

Identify the correct sequence of current assets in company's Balance sheet?A. Bills ReceivablesB. Cash & cash equivalentsC. Short term loans & advancesD. InventoriesE. Current investments Choose the correct answer from the options given below:

  1. A
    C, A, B, E, D
  2. B
    D, C, E, A, B
  3. C
    B, D, E, C, A
  4. D
    E, D, A, B, C

Solution & Step-by-step Explanation

The correct sequence under Schedule III is: Current Investments (E) Inventories (D)Trade Receivables (includes Bills Receivables) (A)Cash & cash equivalents (B)Short term loans & advances (C)Hence, E, D, A, B, C.

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Identify the correct sequence of current assets in company's Balance sheet?A. Bills ReceivablesB. Cash & cash equivalentsC. Short term loans & advancesD. InventoriesE. Current investments Choose the correct answer from the options given below:
A
C, A, B, E, D
B
D, C, E, A, B
C
B, D, E, C, A
D
E, D, A, B, C

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