Financial and Management Accounting

1: Match List I (Items) with List II (Heads in Balance Sheet) and select the correct answer using the codes given below the lists      List I                                                                                               List II a. Loss on issue of debentures                                              I. Reserves and Surpluses b. Unclaimed dividend                                                             II. Miscellaneous Expenditure c. Prepaid rent                                                                          IlI. Current Liability d. Profit prior to incorporation                                                IV. Current Assets
A.

 a    b    c    d

III    II     I     IV

B.

 a    b    c    d

III    II     IV     I

C.

 a    b    c    d

 II    III    IV     I

D.

 a    b    c    d

 II    III     I     IV

 

Answer : C

Explanation :

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Option: A

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