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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) Non-current investments
(B) Current Liabilities (II) Reserves and Surplus
(C) Current Asset (III) Trade payables
(D) Non Current Asset (IV) Inventories

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option 4- (A)-(II), (B)-(III), (C)-(IV), (D)-(I).

LIST I LIST II
(A) Shareholders fund (II) Reserves and Surplus 
(B) Current Liabilities (III) Trade payables
(C) Current Asset (IV) Inventories
(D) Non Current Asset (I) Non-current investments

 

(A) Shareholders fund- (II) Reserves and Surplus. 

Shareholder’s Funds

  • (a) Share Capital
  • (b) Reserves and Surplus
  • (c) Money received against share warrants

 

(B) Current Liabilities- (III) Trade payables. 

Current Liabilities

  • (a) Short-term borrowings
  • (b) Trade payables
  • (c) Other current liabilities
  • (d) Short-term provisions

 

(C) Current Asset- (IV) Inventories.

Current Assets

  • (a) Current investments
  • (b) Inventories
  • (c) Trade receivables
  • (d) Cash and cash equivalents
  • (e) Short-term loans and advances
  • (f) Other current asset

 

(D) Non Current Asset- (I) Non-current investments.

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

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