Broad Headings of Balance Sheet

The broad headings under which balance sheet is divided are 'equity and liabilities' and 'assets'.
Equity and Liabilities
Equity and liabilities are divided as follows :
  1. Shareholders' funds (with further sub-classification on the face)
  2. Share application money pending allotment 
  3. Non-current liabilities (with further sub-classification on the face)
  4. Current liabilities (with further sub-classification on the face)
Assets
Assets are divided as follows :
  1. Non-current assets (with further sub-classification on the face)
  2. Current assets (with further sub-classification on the face)