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Question
Match the following:
| (i) | Calls in Arrears | (a) | Current Assets |
| (ii) | Interest due on calls in Arrears | (b) | Share Capital |
| (iii) | Calls in Advance | (c) | Current Liabilities |
| (iv) | Interest on Calls in Advance | (d) | Reserve and Surplus |
Choose the correct option:
Options
(i) (a), (ii) (b), (iii) (c), (iv) (c)
(i) (b), (ii) (c), (iii) (a), (iv) (c)
(i) (b), (ii) (a), (iii) (c), (iv) (c)
(i) (b), (ii) (a), (iii) (a), (iv) (c)
MCQ
Match the Columns
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Solution
(i) (b), (ii) (a), (iii) (c), (iv) (c)
Explanation:
| (i) | Calls in Arrears | (b) | Current Assets |
| (ii) | Interest due on calls in Arrears | (a) | Share Capital |
| (iii) | Calls in Advance | (c) | Current Liabilities |
| (iv) | Interest on Calls in Advance | (c) | Current Liabilities |
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