Financial and Management Accounting

1: Match List I with List II and select correct answer using the codes given below:     List-l                                           List-ll a. Endowment Fund                 I. Posted to the credit side of the income and expenditure account b. Entrance Fee                        II. Any income or loss adjusted in the income and expenditure account c. Sale of old assets               III. Sometimes capitalized and sometimes treated as revenue income d. Sale of newspaper             IV. Permanent means of support
A.

 a    b    c    d

IV    III    II    I

B.

 a    b    c    d

 I     II    III    IV

C.

 a    b    c    d

III    IV    I    II

D.

 a    b    c    d

III    IV    II    I

 

Answer : A

Explanation :

Write your comments here:


Report Error
 

Option: A

Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here.