Match List - I with List - II
Choose the correct answer from the options given below:
- A(a) - (i), (b) - (ii), (c) - (iii), (d) - (iv)
- B(a) - (ii), (b) - (iv), (c) - (iii), (d) - (i)
- C(a) - (ii), (b) - (iii), (c) - (i), (d) - (iv)
- D(a) - (iii), (b) - (i), (c) - (iv), (d) - (ii)
Solution & Step-by-step Explanation
(a) Reserve Capital is the part of uncalled capital called only upon winding up. (b) The gain on reissue is transferred to Capital Reserve. (c) Calls-in-advance are reported under Other current liabilities. (d) Equity shares cannot be issued to the public at a Discount (per Section 53 of Companies Act).