Question : Match List-I with List-II.
|
List-I |
List-II |
|
(A) Share capital |
(I) Will be called at the time of winding up |
|
(B) Reserves and surplus |
(II) Calls in advance |
|
(C) Reserve capital |
(III) Subscribed but not fully paid |
|
(D) Current liabilities |
(IV) Sinking fund |
Choose the correct answer from the options given below:
Option 1: (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
Option 2: (A) - (I), (B) - (III), (C) - (II), (D) - (IV)
Option 3: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)
Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Correct Answer: (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution : Under share capital, subscribed but not fully paid. Under Reserves and surplus, sinking fund. Reserve capital will be called at the time of winding up. Calls in advance comes under Current liabilities. (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
