Match List-I with List-II.

Choose the correct answer from the options given below:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

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

(A) Reserves and Surplus- (I) Share Options Outstanding Account.
Reserves and Surplus are essential components that require careful classification. The following categories help organize these items effectively:
i) Capital Reserve: This category includes reserves set aside for specific capital-related purposes.
ii) Capital Redemption Reserve: Here, reserves are accumulated to facilitate the redemption of capital.
iii) Securities Premium Reserve: This category comprises the premium received from the issuance of securities.
iv) Debenture Redemption Reserve: Reserves are earmarked to ensure the timely redemption of debentures.
v) Revaluation Reserve: In this category, the reserves reflect the revaluation of assets or liabilities.
vi) Share Options Outstanding Account: This is a separate item that records the credit balance related to employee share-based payments.
vii) Other Reserves (Specifying nature and purpose): Any additional reserves with specific purposes are grouped under this category, clearly specifying their nature and intended use.
viii) Surplus: The balance from the statement of profit and loss is disclosed here, indicating allocations and appropriations, such as dividends, bonus shares, and transfers to/from reserves.

(B) Non-current Liabilities- (II) Long term provisions.
Non-current Liabilities

• (a) Long term borrowings
• (b) Deferred tax liabilities (net)
• (c) Other long term liabilities
• (d) Long term provisions

(C) Current Liabilities- (III) Short-term borrowing.
Current Liabilities

• (a) Short-term borrowings
• (b) Trade payables
• (c) Other current liabilities
• (d) Short-term provisions

(D) Shareholder's Fund- (IV) Calls in arrears.
Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants
* Calls in arrear is deducted from the share capital