Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) A creditor of Rs. 1000 is not likely to claim his money and is to be written off. | (I) Revaluation A/c ...........Dr 1000 To Creditors A/c 1000 |
| (B) Creditors were unrecorded to the extent of Rs 1,000. | (II) Revaluation A/c..........Dr 4000 To Stock A/c 4000 |
| (C) Stock is found overvalued by Rs 4,000. | (III) Creditors A/c ...........Dr 1000 To Revaluation A/c 1000 |
| (D) Stock is found undervalued by Rs 4,000. | (IV) Stock A/c ...........Dr 4000 To Revaluation A/c 4000 |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) →
(A) - (III), (B) - (I), (C) - (II), (D) - (IV)