Match List-I with List-II and select the correct answer using the codes given below the lists:
List-I (Item of balance sheet of company) List-II (Heading of balance sheet)
(a) Sundry debtors 1. Fixed asset
(b) Bills of exchange 2. Misc. Expenses
(c) Live stock 3. Current asset
(d) Shares issue expenses 4. Loans & Advances

(a)-3, (b)-4, (c)-2, (d)-1

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(a)-2, (b)-1, (c)-3, (d)-4

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(a)-1, (b)-2, (c)-3, (d)-4

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(a)-3, (b)-4, (c)-1, (d)-2

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Solution

The correct option is D (a)-3, (b)-4, (c)-1, (d)-2
Item of Balance Sheet Heading of Balance Sheet
Sundry Debtors Current Assets
Bill of Exchange Loans & Advances
Live Stock Fixed Assets
Shares issue expenses Misc Expenses

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Similar questions

List-I (Item of balance sheet of company)	List-II (Heading of balance sheet)
a. Preliminary expenses	1. Current liabilities
b. Other liabilities	2. Current asset
c. Loose Tools	3. Misc.Expenditure
d. Bill of Exchange	4. Loan & Advances

List-I(Item of balance sheet of company)	List-I(Heading of balance sheet)
(a) Profit prior to Incorporation	1. Provisions
(b) Proposed dividend	2. Misc.Expenditure
(c) Interest paid out of Capital	3. Current liabilities
(d) Unclaimed dividend	4. Reserve & surplus

List-I(Items)	List-II(Headings)
I. Provision for income tax	(a) Miscellaneous expenses not written off
II. Share premium	(b) Current liabilities
III. Unclaimed dividend	(c) Reserves and surplus
IV. Discount issue of shares	(d) Profit and loss account

List-I(Items)	List-II(Standards)
I. Accounting for fixed assets	(a) AS-9
II. Revenue recognition	(b) AS-10
III. Depreciation accounting	(c) AS-3
IV. Cash flow statement	(d) AS-6

15. Match List I with List II and select the correct answer using the codes given below the Lists:

List I List II

Select the correct answer using the codes given below:

I. WHO A) Provides loans to address short term loans to address balance of payments

II. IDA B) Multi-lateral trade negotiation body

III. IMF C) Sanction of soft loans

IV. IBRD D) Facilitating lending and borrowing for reconstruction and development

Select the correct answer using the codes given below: i ii iii iv

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List-I (Item of balance sheet of company)	List-II (Heading of balance sheet)
(a) Sundry debtors	1. Fixed asset
(b) Bills of exchange	2. Misc. Expenses
(c) Live stock	3. Current asset
(d) Shares issue expenses	4. Loans & Advances