Question

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-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

• A. (a)-4, (b)-1, (c)-3, (d)-2
• B. (a)-4, (b)-1, (c)-2, (d)-3
• C. (a)-1, (b)-4, (c)-2, (d)-3
• D. (a)-1, (b)-4, (c)-3, (d)-2

Answer 1

Answer: (B)

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

Item of Balance Sheet	Heading of Balance Sheet
Profit prior to Incorporation	Reserves & Surplus
Proposed Dividend	Provisions
Interest paid out of capital	Misc. Expenditure
Unclaimed dividend	Current Liabilities