Financial Statements

Nature/Structure

Easy

Financial Statements

Arrange the following in a correct sequence to prepare liabilities side of balance sheet as per Schedule III of Companies Act, 2013:

(A) Non-Current Liabilities

(B) Shareholders' Funds

(C) Current Liabilities

(D) Share Application money pending allotment

Choose the correct answer from the options given below:

(A), (C), (B), (D)

(C), (A), (B), (D)

(B), (D), (A), (C)

(B), (D), (C), (A)

✅ Correct Option: 3

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

2022: 30 Aug Shift 2

Match List I with List II

	LIST I: Major Head		LIST II: Sub Head
A.	Fixed assets	I.	Short term provisions
B.	Current Assets	II.	Money received against share warrants
C.	Current Liabilities	III.	Non current investment
D.	Shareholder's Funds	IV.	Inventories

Choose the correct answer from the options given below:

2023: 29 May Shift 2

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:

2023: 28 May Shift 1

An annual report is furnished by a company to its :

2025: 16 May Shift 1

Auditor issues Annual report of company refering to___.

2025: 30 May Shift 1

Which among the following items is shown as the Major Head in the balance sheet of a company?

2022: 16 July Shift 2

Amount of subscription credited during the year will be

Solution

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