Match List-I with List-IIList-IList-II(A) Reserves and Surplus(I) Share Options Outstanding Account(B) Non-current Liabilities(II) Long term provisions(C) Current Liabilities(III) Short-term borrowing(D) Shareholder's Fund(IV) Calls in arrearChoose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
According to Schedule III of the Companies Act, 2013, the mapping of the Balance Sheet line items is as follows:(A) Reserves and Surplus: Houses specialized retained option reserves like (I) Share Options Outstanding Account.(B) Non-current Liabilities: Includes long-duration reserve liabilities like (II) Long term provisions.(C) Current Liabilities: Covers immediate credit financial instruments like (III) Short-term borrowing.(D) Shareholder's Fund: Contains values altering equity positions like unpaid balances, specifically (IV) Calls in arrear (which are deducted from Subscribed Capital under Shareholders' Funds).Thus, the exact match pattern is option 1: (A) - (I), (B) - (II), (C) - (III), (D) - (IV).