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Home Questions 4J4RX82C9N
Target Exam

CUET

Subject

Accountancy

Chapter

Financial Statements of a Company

Question:

Match List I with List II

LIST I : Major Head
 LIST II : Sub Head
A)Non-current Assets I) Short-term provisions
B) Current Assets II) Money received against Share warrants
C) Current Liabilities III) Non current Investment
D) Shareholder's Funds IV) Inventories
Options:

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

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

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

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

Correct Answer:

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

Explanation:
LIST I : Major Head
 LIST II : Sub Head
A) Non-current Assets III) Non current Investment
B) Current Assets IV) Inventories
C) Current Liabilities  I) Short-term provisions
D) Shareholder's Funds  II) Money received against Share warrants

 

* EQUITY AND LIABILITIES
1) Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus (c) Money received against share warrants
2) Share Application money pending allotment
3) Non-current Liabilities (a) Long-term borrowings (b) Deferred tax liabilities (net) (c) Other long-term liabilities (d) Long-term provisions
4) Current Liabilities (a) Short-term borrowings (b) Trade payables (c) Other current liabilities (d) Short-term provisions
* ASSETS
1) 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
2) Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets

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