Teaching Accountancy Company Accounts Question Bank MCQ - Company Accounts

  • question_answer
    Match the following
    List I List II
    A. After reissue of forfeited shares the balance of share forfeiture account is 1. Assets
    B. Bonus issue is made 2. Free reserve
    C. Debentures secured by a charge on secured debentures 3. Accumulated profits
    D. Workmen's compensation fund is…..to extent there is no compensation payable. 4. Capital , Reserve A/c
    Codes

    A)          A\[\to \]4, B\[\to \]3, C\[\to \]2, D\[\to \]1   

    B)  A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2

    C)  A\[\to \]2, B\[\to \]1, C\[\to \]4, D\[\to \]3

    D)  A\[\to \]2, B\[\to \]4, C\[\to \]1, D\[\to \]3

    Correct Answer: B


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