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Match the following: (i) Accrued Interest on Calls in Advance (ii) Provision for Employee Benefits (iii) Bank Overdraft (iv) Loan repayable on demand (a) Current Liabilities - Accounts

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Question

Match the following:

(i) Accrued Interest on Calls in Advance (a) Current Liabilities
(ii) Provision for Employee Benefits (b) Cash and Cash Equivalents
(iii) Bank Overdraft (c) Non Current Liabilities
(iv) Loan repayable on demand    

Choose the Correct Option:

Options

  • (i) - (a), (ii) - (a), (iii) - (a), (iv) - (c)

  • (i) - (a), (ii) - (c), (iii) - (a), (iv) - (a)

  • (i) - (c), (ii) - (a), (iii) - (c), (iv) - (a)

  • (i) - (a), (ii) - (a), (iii) - (a), (iv) - (c)

MCQ
Match the Columns
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Solution

(i) - (a), (ii) - (c), (iii) - (a), (iv) - (a)

Explanation:

(i) Accrued Interest on Calls in Advance (a) Current Liabilities
(ii) Provision for Employee Benefits (c) Non Current Liabilities
(iii) Bank Overdraft (a) Current Liabilities
(iv) Loan repayable on demand (a) Current Liabilities
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Chapter 14: Ratio Analysis - OBJECTIVE TYPE QUESTIONS [Page 14.185]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 14 Ratio Analysis
OBJECTIVE TYPE QUESTIONS | Q 57. | Page 14.185
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