List I | List II | ||
A. | A person who owes something is called | 1. | Ledger |
B. | Balance sheet is not a .account. | 2. | Personal accounts |
C. | An obligation of business is......... | 3. | Debtor |
D. | The rule Debit the receiver and credit the given is for.......... | 4. | Liability |
A) A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2
B) A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2
C) A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2
D) A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3
Correct Answer: C
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