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)
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).