Read the following information carefully and answer the question.

A Limited took over assets of ₹3,00,000 and liabilities of ₹10,000 from X and co. Ltd. for an agreed purchase consideration of ₹2,70,000 to be satisfied by issue of 10% debentures of 100 each at a premium of 20%. The company also took a loan of ₹10,00,000 from Punjab National Bank and issued 10% debentures of ₹12,00,000 of 100 each as collateral security. The rate of Interest on loan is 12% p.a.

Loan taken by A Ltd from Punjab National Bank will be classified under following head.

Non current Liabilities

The correct answer is option 3- Non current Liabilities.

The loan taken by A Ltd from Punjab National Bank will be classified under Non-current Liabilities. Non-current Liabilities are financial obligations that are due for payment beyond one year. Loans typically have longer repayment periods, making them fall under this category.