Match the following item with the sub-head in which they are shown in…

The correct answer is option 3- A-II, B-I, C-III, D-IV.

PARTICULARS	SUB- HEADINGS
A) Bank Overdraft	II) Short-term Borrowings
B) Drafts in hand	I) Cash and cash equivalents
C) Trade Marks	III) Intangible fixed assets
D) Premium on redemption of debentures	IV) Long-term Provisions

* Bank overdrafts are short-term borrowings. Hence, it is a current liability.
* Drafts in hand are cash and cash equivalents. Hence, it is a current asset.
* Trademarks are an intangible fixed asset.
* Premium on redemption of debentures is Long-term provisions and are non-current liability because they do not come within the operating cycle period. So they comes under subhead long term provisions in non current liability major head.

 

* 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