Match List-I with List-II

List-I	List-II
(A) Shareholders fund	(I) Long-term loans and advances
(B) Non-current Liabilities	(II) Reserves and Surplus
(C) Current Liabilities	(III) Long term provisions
(D) Non-Current Assets	(IV) Trade payables

Choose the correct answer from the options given below:

Understanding each term in the Balance Sheet is essential for correct matching:

Shareholders Fund comprises Share Capital and Reserves & Surplus. This represents the owners' equity in the company. The matching item is (II) Reserves and Surplus, which is a component of shareholders' funds.

Non-current Liabilities are obligations that will be settled after 12 months. These include long-term borrowings, deferred tax liabilities, and long-term provisions. The matching item is (III) Long term provisions, which falls under non-current liabilities.

Current Liabilities are obligations due within 12 months. These include trade payables, short-term borrowings, short-term provisions, and other current liabilities. The matching item is (IV) Trade payables, which is a typical current liability representing amounts owed to suppliers.

Non-Current Assets are assets held for more than 12 months. These include Property, Plant & Equipment, intangible assets, non-current investments, and long-term loans and advances. The matching item is (I) Long-term loans and advances, which is classified under non-current assets.

The correct matching is:

• (A) → (II)
• (B) → (III)
• (C) → (IV)
• (D) → (I)

Option 3 is correct.