Match the following.
| List-I | List-II |
| a. The formula for calculating the profit on reissue is . . . . . . . . | 1. Article of Association |
| b. Right shares must be first offerred to existing . . . . . . . . | 2. Security premium |
| c. Premium received on issue of debenture is credited to . . . . . . . . account | 3. Amount forfeited less discount on reissue |
| d. Redeemable preference shares can be issued only when it is authorised by its . . . . . . . . | 4. Equity shareholders |
A. a-3, b-4, c-1, d-2
B. a-3, b-1, c-4, d-2
C. a-3, b-4, c-2, d-1
D. a-4, b-3, c-2, d-1
Answer: Option C
This Question Belongs to Commerce >> Accounting
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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