Question

According to prescribed order of assets in a Company’s Balance Sheet ______ assets should be shown first of all.

Options

• Non-Current Assets

• Current Assets

• Current Investments

• Loans and Advances

Answer 1

According to prescribed order of assets in a Company’s Balance Sheet non-current assets assets should be shown first of all.

Explanation:

As per Schedule III, Part I of the Companies Act, 2013, the assets in a company’s Balance Sheet must be presented in the following prescribed order:

1. Non-Current Assets
2. Current Assets