Question

Tick the correct match.

$1$. Current Asset	$1$. Depreciation
$2$. Nominal A/c	$2$. Land
$3$. Non-Depreciable Asset	$3$. Insurance A/c
$4$. Non-Cash Expense	$4$. Prepaid Rent A/c

Select the correct answer from the options given.

• A. $(1,2),(2,3),(3,4),(4,1)$
• B. $(1,3),(2,1),(3,4),(4,2)$
• C. $(1,4),(2,2),(3,1),(4,3)$
• D. $(1,4),(2,3),(3,2),(4,1)$

Answer 1

The correct option is D $(1,4),(2,3),(3,2),(4,1)$

Correct match are as under:

1. Current Asset	4. Prepaid Rent A/c
2. Nominal A/c	3. Insurance A/c
3. Non Depreciable Asset	2. Land
4. Non Cash Expense	1. Depreciation