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Match the following: (i) Calls in Arrears (ii) Interest due on calls in Arrears (iii) Calls in Advance (iv) Interest on Calls in Advance (a) Current Assets (b) Share Capital (c) Current Liabilities - Accounts

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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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Chapter 9: Financial Statements of Companies - OBJECTIVE TYPE QUESTIONS [Page 9.75]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 9 Financial Statements of Companies
OBJECTIVE TYPE QUESTIONS | Q (A) 48. | Page 9.75
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