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Commerce · Q532

Accounting

Graduate and Post Graduate · Commerce · question 532

Q532

Match the following. List-I List-II a. Absorption 1. Profit on reissue of shares is to be transferred to . . . . . . . . b. Accumulated losses and fictitious assets 2. When there are one or more liquidation and no formation, it is known as . . . . . . . . c. Consolidated revenue profits 3. Internal reconstruction is generally resorted to write off . . . . . . . . d. Capital reserve 4. The group share of proposed dividends by the subsidiary is added to . . . . . . . .

Match the following.
List-I List-II
a. Absorption 1. Profit on reissue of shares is to be transferred to . . . . . . . .
b. Accumulated losses and fictitious assets 2. When there are one or more liquidation and no formation, it is known as . . . . . . . .
c. Consolidated revenue profits 3. Internal reconstruction is generally resorted to write off . . . . . . . .
d. Capital reserve 4. The group share of proposed dividends by the subsidiary is added to . . . . . . . .
A.
a-4, b-3, c-2, d-1
B.
a-3, b-4, c-2, d-1
C.
a-2, b-3, c-4, d-1
Answer
D.
a-3, b-4, c-1, d-2

Answer: Option C

Solution

Answer: Option C
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