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mediumMCQCUET Accountancy 2022 20 Aug Shift 22026Accountancy
1 mark

Match List I with List II
image
Choose the correct answer from the options given below:

  1. A
    A - III, B - I, C - II, D - IV
  2. B
    A - IV, B - I, C - III, D - II
  3. C
    A - II, B - III, C - IV, D - I
  4. D
    A - I, B - II, C - IV, D - III

Solution & Step-by-step Explanation

A. Share forfeiture balances after reissue are transferred to Capital Reserve (III).B. Uncalled Capital that a company resolves to call only upon winding up forms Reserve Capital (I).C. Over-subscription is managed using Pro-rata allotment (II).D. Discount on issue of shares is closely associated with limits set during Reissue of shares (IV).

Practice this question

Try it yourself before checking the explanation above.

Match List I with List II
image
Choose the correct answer from the options given below:
A
A - III, B - I, C - II, D - IV
B
A - IV, B - I, C - III, D - II
C
A - II, B - III, C - IV, D - I
D
A - I, B - II, C - IV, D - III

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