Question

What is the correct sequence to prepare company’s Balance Sheet as per the standard format given according to Schedule III of Companies Act, 2013?
A. Non-Current Liability
B. Non-Current Assets
C. Shareholder’s Fund
D. Current Assets
E. Current Liability
Choose 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

Hint:

Schedule III format lists equity and liabilities first, then assets; current liabilities come before assets section.

Answer 1

The Correct Option is C

Step 1: Understand Schedule III Balance Sheet format
Shareholder’s Fund (C) comes first under Equity.
Non-Current Liabilities (A) follow next.
Current Liabilities (E) are shown after non-current liabilities.
Non-Current Assets (B) and Current Assets (D) are listed under assets, with non-current assets before current assets. Step 2: Conclusion
Correct sequence is: C, A, E, B, D.