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Commerce · Q1586

Accounting

Graduate and Post Graduate · Commerce · question 1586

Q1586

Match the following. List-I List-II a. Expenses of scheme 1. Not transferable to capital reduction b. Statutory reserve 2. Indicate and reduced c. Balance sheet after reduction 3. Transfer difference to capital reserve d. Reduction in paid-up value of shares 4. Debit capital reduction account

Match the following.
List-I List-II
a. Expenses of scheme 1. Not transferable to capital reduction
b. Statutory reserve 2. Indicate and reduced
c. Balance sheet after reduction 3. Transfer difference to capital reserve
d. Reduction in paid-up value of shares 4. Debit capital reduction account
A.
a-4, b-3, c-2, d-1
B.
a-2, b-4, c-1, d-3
C.
a-4, b-2, c-1, d-3
D.
a-4, b-1, c-2, d-3
Answer

Answer: Option D

Solution

Answer: Option D
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