Question

Sort the following sub-heads in the order they will appear the in the balance sheet :

• A. Shareholders' Fund
• B. Current Assets
• C. Non-current Assets
• D. Current Liability

Answer 1

As per Schedule III, the companies are required to prepare the balance sheet in the order given as follows :
Shareholders' Fund
Non-Current Liabilities
Current Liabilities
Non-Current Asset
Current Assets