Match List – I with List – II.
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LIST I |
LIST II |
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A. Current Investments |
I. Non Current Liabilities |
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B. Deferred Tax Assets (net) |
II. Current Assets |
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C. Trade payables |
III. Non Current Assets |
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D. Long term borrowings |
IV. Current Liabilities |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → A-II, B-III, C-IV, D-I
Each item takes its head from the Schedule III form of balance sheet.
A. Current Investments — this matches II. Current Assets. Investments to be realised within twelve months are current assets.
B. Deferred Tax Assets (net) — this matches III. Non Current Assets. They are listed under non-current assets.
C. Trade payables — this matches IV. Current Liabilities. Amounts owed to suppliers are payable within the operating cycle.
D. Long term borrowings — this matches I. Non Current Liabilities. Loans repayable after twelve months are non-current.
NCERT (2026-27 edition):
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