The correct answer is Option (4) → A-IV, B-III, C-I, D-II.
* Issued shares after forfeiture- Reissue of shares.
The management of a company is vested with the power to reissue the shares once forfeited by it, subject of course, to the terms and conditions in the articles of association relating to the same. The shares can be reissued even at a discount provided the amount of discount allowed does not exceed the credit balance of Share forfeiture account relating to shares being reissued. Therefore, discount allowed on the reissue of forfeited shares is debited to Share forfeiture account.
* Amount more than par value of shares received on issue of shares- Security Premium Reserve.
Irrespective of the fact that shares have been issued for consideration other than cash, they can be issued either at par or at premium. The issue of shares at par implies that the shares have been issued for an amount exactly equal to their face or nominal value. In case shares are issued at a premium, i.e. at an amount more than the nominal or par value of shares, the amount of premium is credited to a separate account called ‘Securities Premium Reserve Account’, the use of which is strictly regulated by law.
* Premium on redemption of Debentures- Liability.
Sometimes, companies may choose to redeem their debentures at a price higher than their face value. The excess amount paid over the face value is known as the premium on redemption. The premium on redemption is considered a liability on the company's balance sheet because it represents an obligation to pay an amount higher than the face value of the debentures in the future. Until the debentures are actually redeemed, the premium on redemption is accounted for as a liability in the company's financial statements.
* Long term Borrowings- Bank loan.
This is a specific type of long-term borrowing where a company obtains funds from a bank. Bank loans typically have a fixed repayment schedule and interest rate. Long-term borrowings, including bank loans, are recorded as liabilities on the company's balance sheet. The portion of the loan that is due within the next year is classified as a current liability, while the rest is categorized as a long-term liability. | 
