As per revised Schedule III to the Companies Act, 2013, the Balance Sheet is presented in a vertical format with two main sections:
Section 1: EQUITY AND LIABILITIES
- Shareholder's Funds
- Non-current Liabilities
- Current Liabilities
Section 2: ASSETS
- Non-Current Assets
- Current Assets
Applying this format to the given items:
- (B) Shareholder's Funds - appears first under Equity and Liabilities
- (C) Non-current Liabilities - second item under Equity and Liabilities
- (E) Current Liabilities - third item under Equity and Liabilities
- (D) Non-Current Assets - first item under Assets section
- (A) Current Assets - last item under Assets section
Therefore, the correct sequence is: (B), (C), (E), (D), (A)
The revised Schedule III follows the liquidity-based approach where items are arranged based on their permanence - starting with most permanent sources (equity) and ending with most liquid assets (current assets).
Correct Answer: Option 3