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hardMCQCUET Accountancy 2023 11 June Shift 32026Accountancy
1 mark

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.(A) Trade payable(B) Non-Current Investments(C) Deferred tax Liabilities(D) Intangible Assets(E) Long term borrowingChoose the correct answer from the options given below:

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

Solution & Step-by-step Explanation

Per Schedule III of the Companies Act, 2013, liability blocks (Equity and Liabilities) appear first, followed by Assets:Equity & Liabilities:Non-Current Liabilities Long-term borrowings (E)Non-Current Liabilities Deferred tax liabilities (C)Current Liabilities Trade payables (A)Assets:4. Non-Current Assets Property, Plant & Equipment and Intangible Assets Intangible Assets (D)5. Non-Current Assets Non-Current Investments (B)The exact format match sequence from top down is (E), (C), (A), (D), (B).

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Try it yourself before checking the explanation above.

Identify the correct sequence of different items to be shown in a Balance-Sheet of a company.(A) Trade payable(B) Non-Current Investments(C) Deferred tax Liabilities(D) Intangible Assets(E) Long term borrowingChoose the correct answer from the options given below:
A
(E), (C), (A), (D), (B)
B
(C), (D), (E), (A), (B)
C
(A), (C), (B), (E), (D)
D
(B), (A), (D), (C), (E)

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