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Arrange the following items in a sequence which appear under Equities and Liabilities in the balance sheet as per revised Schedule III to the Companies Act, 2013.

(A) Non - Current Liabilities

(B) Current Liabilities

(C) Shareholders' Funds

(D) Share Application money pending allotment

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Schedule III presents Equity and Liabilities in this order: Shareholders' Funds, Share Application Money Pending Allotment, Non-current Liabilities and then Current Liabilities. Hence the sequence is (C), (D), (A), (B).

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