The correct answer is option 4- A-III, B-IV, C-I, D-II.
| List I |
List II |
| A. Share Capital |
III. Subscribed but not fully paid |
| B. Reserves & Surplus |
IV. Sinking fund |
| C. Reserve Capital |
I. Will be called at the time of winding up |
| D. Current liabilities |
II. Calls in advance |
* Share Capital - Subscribed but not fully paid. Subscribed Capital is that part of the issued capital which has been actually subscribed by the public. And the subscribed but not fully up capital is that capital which is called up the company fully but not paid by the shareholders or not called up by the company fully. For e.g., if a share is of ₹10 then the whole amount of ₹10 is called up by the company but only ₹8 is paid by the shareholders or only ₹7 is called up by the company.
*Reserves & Surplus - Sinking fund. Reserves & Surplus is a category on a company's balance sheet that includes funds that have been retained from profits or capital contributions. A sinking fund is a type of reserve fund set aside by a company to retire its debt obligations or replace assets. Money is regularly set aside and invested to accumulate a sum of money to meet future financial obligations, such as paying off debts or replacing equipment.
*Reserve Capital - Will be called at the time of winding up. A company may set aside a portion of its uncalled capital, which would only be called upon in the event of the company's liquidation or winding up. This uncalled amount is referred to as the company's 'Reserve Capital' and is exclusively reserved for the satisfaction of creditors during the liquidation process. It is not shown in the balance sheet of the company.
*Current liabilities - Calls in advance. Current liabilities are obligations that a company owes and expects to settle within one year or within its normal operating cycle, whichever is longer. "Calls in advance" refers to amounts received from shareholders who have paid for their shares in advance even if not called up by the company. These amounts are recorded as current liabilities until the company calls up that amount. No dividend is paid on calls in advance amount. | 
