Match List I with List II
| LIST I : Major Head |
LIST II : Sub Head |
| A)Non-current Assets | I) Short-term provisions |
| B) Current Assets | II) Money received against Share warrants |
| C) Current Liabilities | III) Non current Investment |
| D) Shareholder's Funds | IV) Inventories |
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A-III, B-IV, C-I, D-II
(A) Non-current assets — this matches (III) Non current investment. Long-term investments are shown under non-current assets.
(B) Current assets — this matches (IV) Inventories.
(C) Current liabilities — this matches (I) Short-term provisions.
(D) Shareholder’s funds — this matches (II) Money received against share warrants. Share warrants will become shares, so money received against them is part of shareholders’ funds.
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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