Question
Accountancy Question on Accounting for Share and Debenture Capital
| Match List-I with List-IIList-I | List-II |
|---|---|
| (A) Share capital | (I) Will be called at the time of winding up |
| (B) Reserves and surplus | (II) Calls in advance |
| (C) Reserve capital | (III) Subscribed but not fully paid |
| (D) Current liabilities | (IV) Sinking fund |
Choose the correct answer from the options given below:
A
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
B
(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
C
(A) - (III), (B) - (IV), (C) - (II), (D) - (I)
D
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
Answer
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
Explanation
Solution
The correct matching is based on the nature of capital and liabilities.
Hence, the correct answer is Option 1.