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Commerce · Q1399

Accounting

Graduate and Post Graduate · Commerce · question 1399

Q1399

Which one of the following pair is not correctly matched?

A.
Profit and Loss A/c ⇔ Dividend received
B.
Profit and Loss (Appropriation) A/c ⇔ Unclaimed Dividend
Answer
C.
Balance Sheet (Liability side) ⇔ Share-Premium A/c
D.
Balance Sheet ⇔ Preliminary Expenses (Assets side)

Answer: Option B

Solution

Answer: Option B
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