Match List-I with List-II.
| List-I | List-II | ||
|---|---|---|---|
| (A) | Subscribed but not fully paid up capital | (I) | Shown under "Other Current Liabilities" in Balance Sheet |
| (B) | Calls in Arrears | (II) | Shown under "Reserves & Surplus" in Balance Sheet |
| (C) | Calls in Advance | (III) | Deducted from Subscribed Capital |
| (D) | Securities Premium Reserve | (IV) | Share Capital Note Disclosure |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A) - (IV), (B) - (III), (C) - (I), (D) - (II)
(A) Subscribed but not fully paid up capital — this matches (IV) Share Capital Note Disclosure. It is one of the two heads under which subscribed capital is set out in the note on share capital.
(B) Calls in Arrears — this matches (III) Deducted from Subscribed Capital. Money called but not received is not capital in hand, so it is deducted in that note.
(C) Calls in Advance — this matches (I) Shown under "Other Current Liabilities" in Balance Sheet. It is money received before it is due, owed back until the call is made.
(D) Securities Premium Reserve — this matches (II) Shown under "Reserves & Surplus" in Balance Sheet. It is a reserve, part of shareholders' funds.
NCERT (2026-27 edition):
NCERT (2026-27 edition): |
