Arrange the following steps in the sequence of writing off preliminary expenses according to Schedule III:
(P) Balance is written off from Statement of Profit & Loss
(Q) Expenses are incurred
(R) Written off first from Securities Premium
(S) Shown as Other Non-Current Assets
1
Q, S, R, P
2
S, Q, R, P
3
Q, R, S, P
4
R, P, Q, S