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Question
Match the following:
| (i) | Capital Reserve | (a) | Issued Share Capital |
| (ii) | Debenture Redemption Reserve | (b) | Reserve and Surplus |
| (iii) | Debit Balance of Statement of Profit & Loss | (c) | Long term borrowings |
| (iv) | Bonds | (d) | Subscribed Share Capital |
Choose the Correct Option:
Options
(i) - (b), (ii) - (a), (iii) - (a), (iv) - (d)
(i) - (b), (ii) - (b), (iii) - (c), (iv) - (b)
(i) - (b), (ii) - (d), (iii) - (d), (iv) - (a)
(i) - (b), (ii) - (b), (iii) - (b), (iv) - (c)
MCQ
Match the Columns
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Solution
(i) - (b), (ii) - (b), (iii) - (b), (iv) - (c)
Explanation:
| (i) | Capital Reserve | (b) | Reserve and Surplus |
| (ii) | Debenture Redemption Reserve | (b) | Reserve and Surplus |
| (iii) | Debit Balance of Statement of Profit & Loss | (b) | Reserve and Surplus |
| (iv) | Bonds | (c) | Long term borrowings |
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