Question

Match List-I with List-II.

List-I	**List-II **
(A) Capital Reserve	(I) Cash and Cash Equivalent
(B) Call in advance	(II) Intangible Fixed Assets
(C) Licence and Franchise	(III) Other Current Liabilities
(D) Marketable Securities	(IV) Reserve and Surplus

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

Answer 1

Answer: (A)

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

Answer 2

Capital Reserve is matched with Reserve and Surplus (A)-(IV), as it is a part of share- holders’ equity. - Call in advance is matched with Other Current Liabilities (B)-(III), as it is considered a liability until due. - Licence and Franchise is matched with Intangible Fixed Assets (C)-(II), as these are long-term intangible assets. - Marketable Securities is matched with Cash and Cash Equivalent (D)-(I), as they are highly liquid assets.