Match List-I with List-II
List-I List-II (A) Subscribed but not fully paid up capital (I) Shown under "Other Current Liabilities" in Balance Sheet (B) Calls in Arrears (II) Shown under "Reserves & Surplus" in Balance Sheet (C) Calls in Advance (III) Deducted from Subscribed Capital (D) Securities Premium (IV) Share Capital Note Disclosure
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Subscribed but not fully paid up capital | (I) Shown under "Other Current Liabilities" in Balance Sheet |
| (B) Calls in Arrears | (II) Shown under "Reserves & Surplus" in Balance Sheet |
| (C) Calls in Advance | (III) Deducted from Subscribed Capital |
| (D) Securities Premium | (IV) Share Capital Note Disclosure |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 1
Subscribed but not fully paid capital is a category disclosed in the Notes to Share Capital, so (A)-(IV). Calls in Arrears is deducted from subscribed capital, so (B)-(III). Calls in Advance is shown under Other Current Liabilities, so (C)-(I). Securities Premium appears under Reserves and Surplus, so (D)-(II).
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