CUET CUET Accountancy 2024 - Match List-I with List-II | PYQs + Solutions

CUET Accountancy 2024

Accountancy

Accounting for Share Capital

Easy

List-I	List-II
(A) Share capital	(I) Will be called at the time of winding up
(B) Reserves and surplus	(II) Calls in advance
(C) Reserve capital	(III) Subscribed but not fully paid
(D) Current liabilities	(IV) Sinking fund

Match List-I with List-II

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Option: 4

Share capital -> refers to the amount of money raised by a company through the issuance of shares, it will be called at the time of winding up is not correct, instead it is subscribed but not fully paid, hence (A) -> (III).

Reserves and surplus -> are funds set aside by a company for future use, it is not directly related to calls in advance, instead it is related to sinking fund, hence (B) -> (IV).

Reserve capital -> is the amount of capital that a company is authorized to issue but has not yet issued, it will be called at the time of winding up, hence (C) -> (I).

Current liabilities -> are debts that a company must pay within a short period, it is not directly related to the given options, but the closest match is calls in advance, hence (D) -> (II).

CUET Accountancy 2024 PYQs

Match List-I with List-II

Keyboard Shortcuts