Under Schedule III of the Companies Act 2013, how must the balance sheet be presented?
- A In a vertical format with equity and liabilities followed by assets, split into current and non-current
- B In a horizontal T format
- C In order of liquidity only
- D In any format chosen by management
Answer
In a vertical format with equity and liabilities followed by assets, split into current and non-current
The prescribed format ensures comparability across companies and requires specified note disclosures.





