Arrange the following component of a common size balance sheet as per schedule 3.
A. Shareholder's funds
B. Non-current liabilities
C. Current liabilities
D. Share Application money pending allotment
Choose the correct answer from the options given below:
Arrange the following component of a common size balance sheet as per schedule 3.
A. Shareholder's funds
B. Non-current liabilities
C. Current liabilities
D. Share Application money pending allotment
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 1
Under Schedule III, the Equity and Liabilities side is presented as Shareholders' Funds, then Share Application Money Pending Allotment, then Non-Current Liabilities, and finally Current Liabilities. A common size balance sheet keeps the same order, expressing each item as a percentage of the total. Hence A, D, B, C.
Related questions:
2023: 20 June Shift 2