Arrange the following balance sheet items in accordance with the manner prescribed in the revised Schedule III to the Companies Act, 2013-

(A) Current Assets

(B) Shareholder's Funds

(C) Non-current Liabilities

(D) Non-Current Assets

(E) Current Liabilities

Choose the correct answer from the options given below:

As per revised Schedule III to the Companies Act, 2013, the Balance Sheet is presented in a vertical format with two main sections:

Section 1: EQUITY AND LIABILITIES

• Shareholder's Funds
• Non-current Liabilities
• Current Liabilities

Section 2: ASSETS

• Non-Current Assets
• Current Assets

Applying this format to the given items:

1. (B) Shareholder's Funds - appears first under Equity and Liabilities
2. (C) Non-current Liabilities - second item under Equity and Liabilities
3. (E) Current Liabilities - third item under Equity and Liabilities
4. (D) Non-Current Assets - first item under Assets section
5. (A) Current Assets - last item under Assets section

Therefore, the correct sequence is: (B), (C), (E), (D), (A)

The revised Schedule III follows the liquidity-based approach where items are arranged based on their permanence - starting with most permanent sources (equity) and ending with most liquid assets (current assets).

Correct Answer: Option 3