What is the prescribed order of writing the following provisions in the Balance Sheet of companies as required by the Indian Companies Act, 1956, Part I, Schedule VI:
1. Provision for contingencies
2. Proposed dividends
3. Provision for taxation
4. Provision for Provident Fund scheme
Select your answer:
A. 3, 4, 2, 1
B. 3, 2, 1, 4
C. 2, 1, 3, 4
D. 4, 3, 2, 1
Answer: Option B
This Question Belongs to Commerce >> Accounting
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