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mediumMCQCUET Accountancy 2023 29 May Shift 22026Accountancy
1 mark

What is the correct top-to-bottom sequence to prepare a company's Balance Sheet as per the standard format given according to Schedule III of the Companies Act, 2013?A. Non-Current LiabilityB. Non-Current AssetsC. Shareholders' FundsD. Current AssetsE. Current LiabilityChoose the correct answer from the options given below:

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

Solution & Step-by-step Explanation

Schedule III of the Companies Act, 2013 prescribes a vertical presentation layout:Part I: Equity and LiabilitiesShareholders' Funds (C)Share Application Money Pending AllotmentNon-Current Liabilities (A)Current Liabilities (E)Part II: Assets5. Non-Current Assets (B)6. Current Assets (D)Combining these positions gives the structural order: C, A, E, B, D.

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What is the correct top-to-bottom sequence to prepare a company's Balance Sheet as per the standard format given according to Schedule III of the Companies Act, 2013?A. Non-Current LiabilityB. Non-Current AssetsC. Shareholders' FundsD. Current AssetsE. Current LiabilityChoose the correct answer from the options given below:
A
C, A, B, E, D
B
A, B, C, D, E
C
C, A, E, B, D
D
A, C, E, B, D

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