Match List – I with List – II. List - I List - II (A) Stock options o… | Accountancy Part B CUET question

Match List – I with List – II.

List - I	List - II
(A) Stock options outstanding account	(I) Current Liabilities
(B) Bank term loan	(II) Current Assets
(C) Provision for Tax	(III) Non Current Liabilities
(D) Loose tools	(IV) Shareholders Fund

Choose the correct answer from the options given below :

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

(A) Stock options outstanding account — this matches (IV) Shareholders Fund. Share Options Outstanding Account is one of the items of Reserves and Surplus, which is part of Shareholders’ Funds.

(B) Bank term loan — this matches (III) Non Current Liabilities. A term loan is repayable after more than twelve months, so it is a long-term borrowing under non-current liabilities.

(C) Provision for Tax — this matches (I) Current Liabilities. It is settled within twelve months, so it is a short-term provision under current liabilities.

(D) Loose tools — this matches (II) Current Assets. Loose tools are shown under inventories, a current asset.

NCERT (2026-27 edition):
Form of Balance Sheet

Extract from the NCERT textbook

NCERT (2026-27 edition):
Reserve and Surplus – “Reserves and Surplus are required to be classified as: Capital Reserve Capital Redemption Reserve Securities Premium Reserve Debenture Redemption Reserve Revaluation Reserve Share Options Outstanding Account Other Reserves (Specifying nature and purpose) Surplus: Balance in statement of profit and loss; disclosing allocations and Appropriation such as dividend, bonus shares, transfer to/from reserve, etc.”

NCERT (2026-27 edition):
Provisions – “The amount of provision settled within 12 months from balance sheet date or within operating cycle period from date of its recognition is classified as short term provisions and shown under current liabilities on the face of balance sheet. Others are depicted as long-term provisions under non-current liabilities on the face of balance sheet.”

NCERT (2026-27 edition):
Notes to Accounts

Extract from the NCERT textbook

Match List – I with List – II.

List - I	List - II
(A) Stock options outstanding account	(I) Current Liabilities
(B) Bank term loan	(II) Current Assets
(C) Provision for Tax	(III) Non Current Liabilities
(D) Loose tools	(IV) Shareholders Fund

Choose the correct answer from the options given below :

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

(B) Bank term loan — this matches (III) Non Current Liabilities. A term loan is repayable after more than twelve months, so it is a long-term borrowing under non-current liabilities.

(C) Provision for Tax — this matches (I) Current Liabilities. It is settled within twelve months, so it is a short-term provision under current liabilities.

(D) Loose tools — this matches (II) Current Assets. Loose tools are shown under inventories, a current asset.

NCERT (2026-27 edition):
Form of Balance Sheet

Extract from the NCERT textbook

NCERT (2026-27 edition):
Notes to Accounts

Extract from the NCERT textbook