The correct answer is Option (4) - (A)-(IV), (B)-(I), (C)-(II), (D)-(III).
* Revaluation Reserve - Reserve and Surplus. Reserves and Surplus are essential components that require careful classification. The following categories help organize these items effectively: i) Capital Reserve: This category includes reserves set aside for specific capital-related purposes. ii) Capital Redemption Reserve: Here, reserves are accumulated to facilitate the redemption of capital. iii) Securities Premium Reserve: This category comprises the premium received from the issuance of securities. iv) Debenture Redemption Reserve: Reserves are earmarked to ensure the timely redemption of debentures. v) Revaluation Reserve: In this category, the reserves reflect the revaluation of assets or liabilities. vi) Share Options Outstanding Account: This is a separate item that records the credit balance related to employee share-based payments. vii) Other Reserves (Specifying nature and purpose): Any additional reserves with specific purposes are grouped under this category, clearly specifying their nature and intended use. viii) Surplus: The balance from the statement of profit and loss is disclosed here, indicating allocations and appropriations, such as dividends, bonus shares, and transfers to/from reserves.
* Share Capital- Shareholder's fund. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants
* Debentures- Non-Current Liabilities. NON-CURRENT LIABILITIES shall include the liabilities due after one year. It shall include the following: Long-term Borrowings: Such as Debentures, Loan from Bank, Loan from other parties. Deferred Tax Liabilities. Other Long term Liabilities: Such as Premium Payable on Redemption of Debentures; Premium Payable on Redemption of Preference Shares, Public Deposits (Unless specified, it will be assumed that deposits are for more than one year.) Long-term Provisions: Such as Provision for Employee Benefits, Provision for Provident Fund, Provision for Warranties.
* Cash and Cash Equivalents- Current Assets. Current Assets (a) Current investments (b) Inventories (loose tools included in inventory) (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current asset |