Match List-I with List-II List-

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

Match List-I with List-II

List-I	List-II
(A) For Transfer of Application Money	(I) Share Allotment A/c Dr. To Share Capital A/c
(B) For Money Refunded on Rejected Application	(II) Share Application A/c Dr. To Share Capital A/c
(C) For Amount Due on Allotment	(III) Share Application A/c Dr. To Bank A/c
(D) For Receipt of Allotment Money	(IV) Bank A/c Dr. To Share Allotment A/c

Choose the correct answer from the options given below.

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (2) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)

List-I	List-II
(A) For Transfer of Application Money	(II) Share Application A/c Dr. To Share Capital A/c
(B) For Money Refunded on Rejected Application	(III) Share Application A/c Dr. To Bank A/c
(C) For Amount Due on Allotment	(I) Share Allotment A/c Dr. To Share Capital A/c
(D) For Receipt of Allotment Money	(IV) Bank A/c Dr. To Share Allotment A/c