Match List-I with List-II. LIST I

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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Financial Statements of a Company

Question:

Match List-I with List-II.

LIST I	LIST II
(A) Shareholders fund	(I) Long-term loans and advances
(B) Non-current Liabilities	(II) Reserves and Surplus
(C) Current Liabilities	(III) Long term provisions
(D) Non-Current Assets	(IV) Trade payables

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option 3- (A)-(II), (B)-(III), (C)-(IV), (D)-(I).

LIST I	LIST II
(A) Shareholders fund	(II) Reserves and Surplus
(B) Non-current Liabilities	(III) Long term provisions
(C) Current Liabilities	(IV) Trade payables
(D) Non-Current Assets	(I) Long-term loans and advances

(A) Shareholders fund- (II) Reserves and Surplus.
Shareholder’s Funds

(B) Non-current Liabilities- (III) Long term provisions.
Non-current Liabilities

(C) Current Liabilities- (IV) Trade payables.
Current Liabilities

(D) Non-Current Assets-(I) Long-term loans and advances.
Non-Current Assets

(a) Fixed assets
(i) Tangible assets
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Non-current investments
(c) Deferred tax assets (net)
(d) Long-term loans and advances
(e) Other non-current assets