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easyMCQCUET Accountancy 2025 30 May Shift 12026Accountancy
1 mark

Which among the following items is shown as a primary Major Head in the format structure of the balance sheet of a company?

  1. A
    Deferred tax assets
  2. B
    Current Assets
  3. C
    Trade payables
  4. D
    Long term provisions

Solution & Step-by-step Explanation

Under the structural guidelines of Schedule III of the Companies Act, 2013, Current Assets is recognized as a primary Major Head on the Assets side. The other items listed (such as Trade payables, Long-term provisions, Deferred tax assets) are sub-heads belonging under major headings.

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Which among the following items is shown as a primary Major Head in the format structure of the balance sheet of a company?
A
Deferred tax assets
B
Current Assets
C
Trade payables
D
Long term provisions

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