Match List - I with List - II.
\begin{array}{l|l}
\textbf{List - I} & \textbf{List - II} \\
\hline
\text{(A) Share Capital} & \text{(I) 10% debenture} \\
\text{(B) Reserve and Surplus} & \text{(II) Interest accrued and due} \\
\text{(C) Non-current Liability} & \text{(III) Share forfeited account} \\
\text{(D) Current Liability} & \text{(IV) Capital Redemption Reserve}
\end{array}
Choose the correct answer from the options given below:
- A(A)-(I), (B)-(II), (C)-(III), (D)-(IV)
- B(A)-(II), (B)-(I), (C)-(III), (D)-(IV)
- C(A)-(III), (B)-(IV), (C)-(I), (D)-(II)
- D(A)-(III), (B)-(I), (C)-(IV), (D)-(II)
Solution & Step-by-step Explanation
According to Schedule III structural mapping definitions:(A) Share Capital includes the (III) Share forfeited account.(B) Reserve and Surplus includes (IV) Capital Redemption Reserve.(C) Non-current Liability maps to Long-term borrowings like (I) 10% debenture.(D) Current Liability includes Other Current Liabilities like (II) Interest accrued and due.Thus, the exact match is (A)-(III), (B)-(IV), (C)-(I), (D)-(II).