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Question

Tick the correct match.

1. Current Asset1. Depreciation
2. Nominal A/c2. Land
3. Non-Depreciable Asset3. Insurance A/c
4. Non-Cash Expense4. Prepaid Rent A/c
Select the correct answer from the options given.

A
(1,2),(2,3),(3,4),(4,1)
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B
(1,3),(2,1),(3,4),(4,2)
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C
(1,4),(2,2),(3,1),(4,3)
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D
(1,4),(2,3),(3,2),(4,1)
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Solution

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 Asset2. Land
4. Non Cash Expense 1. Depreciation



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