Match the following.

List-I List-II

a. Absorption 1. Profit on reissue of shares is to be transferred to . . . . . . . .

b. Accumulated losses and fictitious assets 2. When there are one or more liquidation and no formation, it is known as . . . . . . . .

c. Consolidated revenue profits 3. Internal reconstruction is generally resorted to write off . . . . . . . .

d. Capital reserve 4. The group share of proposed dividends by the subsidiary is added to . . . . . . . .

A) a-4, b-3, c-2, d-1 B) a-3, b-4, c-2, d-1 C) a-2, b-3, c-4, d-1 D) a-3, b-4, c-1, d-2

Answer & Solution

Correct Answer: Option C

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List-I	List-II
a. Absorption	1. Profit on reissue of shares is to be transferred to . . . . . . . .
b. Accumulated losses and fictitious assets	2. When there are one or more liquidation and no formation, it is known as . . . . . . . .
c. Consolidated revenue profits	3. Internal reconstruction is generally resorted to write off . . . . . . . .
d. Capital reserve	4. The group share of proposed dividends by the subsidiary is added to . . . . . . . .