Match List - I with List - II. | List - I | List - II | |---|---| | (A) Share Capital | (I) 10% debenture | | (B) Reserve and Surplus | (II) Interest accrued and due | | (C) Non-current Liability | (III) Share forfeited account | | (D) Current Liability | (IV) Capital Redemption Reserve | Choose the correct answer from the options given below :

Question

Option 1: (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Option 2: (A)-(II), (B)-(I), (C)-(III), (D)-(IV)

Option 3: (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Option 4: (A)-(III), (B)-(I), (C)-(IV), (D)-(II)

AfterBoards · Accepted Answer

The answer is '(A)-(III), (B)-(IV), (C)-(I), (D)-(II)'. View full solution:

List-I	List-II
Expenses incurred to earn the income	Explanation
(A). Purchase of Stock-in-trade	(I). Expenses towards interest charges during the year on the borrowings
(B). Employees benefit expenses	(II). Diminution in the value of fixed assets
(C). Finance cost	(III). Purchases of goods for the purpose of trading
(D). Depreciation	(IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc

List I	List II
A. Shareholders funds	I. Furniture and Fittings
B. Current liabilities	II. Prepaid expenses
C. Current Assets	III. Calls in Advance
D. Non current assets	IV. Surplus of Balance on statement of P and L

CUET Accountancy 2023 11 June Shift 3 PYQs

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