The correct answer is option 2- A-II, B-III, C-IV, D-I.
| LIST 1 |
LIST 2 |
| A) Money received against share warrants |
II) Shareholders fund |
| B) Surplus in statement of profit and loss |
III) Reserves and surplus |
| C) Loose tools |
IV) Current assets |
| D) 8% debentures |
I) Non current liabilities |
THE FORMAT OF BALANCE SHEET OF A COMPANY 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
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