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) Calls in Arrears	(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.
(B) Calls in Advance	(II) When any shareholder fails to pay the amount due on allotment or on any of the calls
(C) Over Subscription	(III) When number of shares applied for is less than the number for which applications have been invited for subscription
(D) Under Subscription	(IV) When applications for more shares of a company are received than the number offered to the public for subscription

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

List-I	List-II
(A) Calls in Arrears	(II) When any shareholder fails to pay the amount due on allotment or on any of the calls
(B) Calls in Advance	(I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made.
(C) Over Subscription	(IV) When applications for more shares of a company are received than the number offered to the public for subscription
(D) Under Subscription	(III) When number of shares applied for is less than the number for which applications have been invited for subscription