Question

Classify the following under the respective head in balance sheet: Items:
I. Current maturities of long-term debt
II.   Debentures
III. Uncalled liability on shares
IV. Deferred tax liability Head:
A.   Non-Current Liabilities
B.   Current Liabilities
C.   Contingent Liabilities & commitments

A I, II & IV: A; III: B
B I & II: B; III & IV: A
C I: B; II, III & IV: A
D I & II: A; III: B; IV: C
E I: B; II & IV: A; III: C
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