The correct answer is option 1- A-II, B-IV, C-I, D-III.
| PARTICULARS |
SUBHEAD |
| A) General Reserve |
II) Reserves and surplus |
| B) Goodwill |
IV) Fixed intangible asset |
| C) 10% Debentures |
I) Long-term borrowings |
| D) Stock of finished goods |
III) Inventories |
* General reserves are shown under the head shareholder's funds in the subhead of reserves and surplus.
* Goodwill is shown under the head non-current assets in sub head fixed assets- intangible assets.
* 10% Debentures are shown under the head non-current liabilities in the subhead of long-term borrowings
* Stock of finished goods is shown under the head current assets in subhead inventories.
The vertical format of balance sheet is as follows-
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 asset
| 
