Match the following:

List-I	List-II
a. Goodwill of a company	1. Current liability
b. Overdraft	2. Fixed assets
c. Preliminary expenses	3. Reserves surplus
d. Premium on issue of shares	4. Fictitious assets

A. a-2, b-1, c-4, d-3

B. a-1, b-2, c-4, d-3

C. a-1, b-2, c-3, d-4

D. a-2, b-1, c-3, d-4

Answer: Option D

Solution(By Examveda Team)

Goodwill of a company is considered as an intangible asset, hence it falls under fixed assets.

Overdraft is a current liability as it represents the amount owed to a bank.

Preliminary expenses are considered as capitalized expenses and are amortized over a period of time, hence they are part of reserves surplus.

Premium on issue of shares is the amount received by the company over and above the face value of shares issued, it is categorized as fictitious assets.

Correct Answer: Option D: a-2, b-1, c-3, d-4