CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Match list I with list II and select the correct answer using the codes given below the list:
LIST I list II
X.Discount on debentures 1.Current Liability
Y.Forfeited Capital 2. Non-Current Assets
Z.Income tax payable 3. Current Assets
W.Debtors acceptance 4.Non Current Liability
The correct option is:

A
X-2, Y-4, Z-1, W-3
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
X-4 Y-2 Z-3 W-1
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
X-2 Y-4 Z-3 W-1
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
X-4 Y-2 Z-1 W-3
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A X-2, Y-4, Z-1, W-3
Current assets - Assets which can be converted into cash easily within a short time say one year are called as current assets. Eg. Debtors acceptance
Non - Current assets - A non current asset is an asset that is not expected to be consumed within one year Eg. Discount on debentures
Current liability - These liabilities are repayable within a year or in the near future. eg. Income tax payable.
Non current liability - A business's long term financial obligations that are not due within the present accounting year eg. Forfeited capital

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Laws of Chemical Combination
CHEMISTRY
Watch in App
Join BYJU'S Learning Program
CrossIcon