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.
| LIST I : Major Head |
LIST II : Sub Head |
| A) Non-current Assets | III) Non current Investment |
| B) Current Assets | IV) Inventories |
| C) Current Liabilities | I) Short-term provisions |
| D) Shareholder's Funds | II) Money received against Share warrants |
* EQUITY AND LIABILITIES
1) Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants
2) Share Application money pending allotment
3) Non-current Liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions
4) Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions
* ASSETS
1) Non-Current Assets
(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets
2) Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets