Match List-I with List-IIList-IList-II(A) Shareholders fund(II) Reserves and Surplus(B) Non-current Liabilities(III) Long term provisions(C) Current Liabilities(IV) Trade payables(D) Non-Current Assets(I) Long-term loans and advancesChoose the correct answer from the options given below:
- A(A) - (IV), (B) - (II), (C) - (III), (D) - (I)
- B(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
- C(A) - (II), (B) - (III), (C) - (IV), (D) - (I)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
The appropriate sub-classification under Revised Schedule III is:(A) Shareholders' fund includes Reserves and Surplus (II).(B) Non-current Liabilities includes Long term provisions (III).(C) Current Liabilities includes Trade payables (IV).(D) Non-Current Assets includes Long-term loans and advances given by the firm (I).