Match List-I with List-II

List-I	List-II
(A) Reserves and Surplus	(I) Share Options Outstanding Account
(B) Non-current Liabilities	(II) Long term provisions
(C) Current Liabilities	(III) Short-term borrowing
(D) Shareholder's Fund	(IV) Calls in arrear

Choose the correct answer from the options given below:

Looking at the classification of items under Schedule III of the Companies Act, 2013:

(A) Reserves and Surplus → (I) Share Options Outstanding Account

Share Options Outstanding Account appears under the head "Reserves and Surplus" in the Balance Sheet. It represents the value of employee stock options granted but not yet exercised.

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

Long-term provisions are obligations that are not expected to be settled within the operating cycle or twelve months. They are classified under Non-current Liabilities (e.g., provision for employee benefits).

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

Short-term borrowings are obligations due within one year or the operating cycle. These include loans from banks, working capital facilities, etc., and are shown under Current Liabilities.

(D) Shareholder's Fund → (IV) Calls in arrear

Calls in arrear represents uncollected amounts on shares allotted. It is shown as a deduction from Share Capital, which is part of Shareholder's Fund (also called Owner's Equity).

The correct matching is: (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Correct Answer: Option 1