Site navigation

In what order, the following assets are shown in the balance sheet of a company ? (i) Trade receivables…

In a company's Balance Sheet (arranged in the order of permanence / Schedule III hierarchy from non-current to current assets), fixed tangible assets such as Furniture and…

Choose your answer

In what order, the following assets are shown in the balance sheet of a company ?

(i) Trade receivables

(ii) Cash

(iii) Furniture and fittings

(iv) Investment in shares and debentures

Select one answer
Answer and explanation

Correct answer C

In a company's Balance Sheet (arranged in the order of permanence / Schedule III hierarchy from non-current to current assets), fixed tangible assets such as Furniture and fittings (iii) appear first, followed by non-current Investments in shares and debentures (iv), and then Current Assets starting with Trade receivables (i) and concluding with Cash and cash equivalents (ii): (iii), (iv), (i), (ii).

Practice for these exams

  • UGC NET Commerce

Related question papers

Related exam syllabi

Related questions in this topic