Match List-I with List-II and select the correct answer
List-I List-II
a. Prepaid rent 1. Current liability
b. Bank overdraft 2. Current assets
c. Goodwill 3. Fictitious assets
d. Profit & Loss A/c 4. Intangible assets

A company forfeited 100 equity shares of Rs. 10 each on which a final call of Rs. 4 per share was unpaid. At what minimum rate per share these shares can be reissued by the company?

Ram of Allahabad filed a petition in the court for adjudication as insolvent. At that time one month's salary due to five clerks amounted to Rs. 2,000, one month's wages due to ten workers amounted to Rs. 1,500, rent and rates due amounted to Rs. 500. Income tax due amounted to Rs. 1,200 and one month's rent due amounted to Rs. 1,000. The amount of preferential creditors would be:

According to Garner Vs. Murray in absence of any contract to contrary deficiency arising on account of a partner becoming insolvent shall be borne by solvent partners in their

Which one of the following statements is not true?

Redeemable preference shares of Rs. 1,00,000 are redeemed at a premium of 5% for which fresh equity shares of Rs. 40,000 are issued at par. What amount should be transferred to Capital Redemption Reserve account:

Profit on revolution of assets and liabilities in case of amalgamation of partnership firm is