Question:medium

Match List-I with List-II.
List-IList-II 
(A) Capital Reserve(I) Cash and Cash Equivalent
(B) Call in advance(II) Intangible Fixed Assets
(C) Licence and Franchise(III) Other Current Liabilities
(D) Marketable Securities(IV) Reserve and Surplus

Updated On: Mar 26, 2026
  • (A)-(IV), (B) - (III), (C)- (II), (D) - (I)
  • (A)-(I), (B)-(II), (C)- (III), (D) - (IV)
  • (A)-(IV), (B) - (III), (C)- (I), (D) - (II)
  • (A)-(II), (B) - (I), (C) - (IV), (D) - (III)
Show Solution

The Correct Option is A

Solution and Explanation

The objective is to correlate items from List-I with those from List-II according to their accounting classifications. The analysis of each item is as follows:

(A) Capital Reserve: This item falls under the Reserve and Surplus category, representing accumulated funds derived from profits. Match: (IV) Reserve and Surplus.

(B) Call in Advance: Funds received for shares prior to their due date are classified as Other Current Liabilities. Match: (III) Other Current Liabilities.

(C) Licence and Franchise: These represent acquired business rights, categorized as Intangible Fixed Assets. Match: (II) Intangible Fixed Assets.

(D) Marketable Securities: Investments readily convertible to cash are classified as Cash and Cash Equivalent. Match: (I) Cash and Cash Equivalent.

Therefore, the correct pairings are: (A)-(IV), (B)-(III), (C)-(II), (D)-(I).

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