Business Studies · Corporate Accounting
Consider the following liabilities and arrange them in the correct sequence (from top to bottom) as they appear in the Balance Sheet of a company under Schedule III of the Companies Act, 2013: I. Bank overdraft II. Bank loan III. Share capital IV. Reserves and surplus Select the correct answer from the code below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1III, IV, I, II
- 2II, I, IV, III
- 3III, II, IV, I
- 4III, IV, II, I✓
Correct answer
III, IV, II, I
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