Question

Match List I with List II:

Choose the correct answer from the options given below:

• A. A-II, B-III, C-IV, D-I
• B. A-III, B-II, C-IV, D-I
• C. A-IV, B-III, C-I, D-II
• D. A-III, B-IV, C-II, D-I

Hint:

Prepaid expenses are current assets; unclaimed dividends are current liabilities; patents are intangible assets; calls in arrears reduce share capital.

Answer 1

The Correct Option is D

Step 1: Define Terms
Prepaid insurance: An advance payment for insurance, categorized as Other Current Assets (III).
Unclaimed Dividend: A declared dividend not yet collected by shareholders, classified as Other Current Liabilities (IV).
Patent: An intangible asset granting exclusive rights, classified under Intangible Assets (II).
Calls in Arrears: Unpaid amounts by shareholders on called-up shares, subtracted from Share Capital (I).


Step 2: Correlate Items
A corresponds to III
B corresponds to IV
C corresponds to II
D corresponds to I


Step 3: Final Answer
Thus, option (D) is the correct choice.