Match the following.
| Item | Major head |
| A) Share application money pending allotment | I) Shareholder's fund |
| B) Money received against Share warrants | II) Current liabilities |
| C) Deferred tax liability | III) Share application money pending allotment |
| D) Unclaimed dividend | IV) Non-Current liabilities |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 2
The correct answer is option 2- A-III, B-I, C-IV, D-II.
| Item | Major head |
| A) Share application money pending allotment | III) Share application money pending allotment |
| B) Money received against Share warrants | I) Shareholder's fund |
| C) Deferred tax liability | IV) Non-Current liabilities |
| D) Unclaimed dividend | II) Current liabilities |
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
NOTE- UNCLAIMED DIVIDEND CAN BE CLAIMED BY SHAREHOLDERS ANYTIME THAT'S WHY IT IS CURRENT LIABILITY.