As per Schedule III of the Companies Act:
A. Shareholders' Funds includes Reserves and Surplus i.e. Surplus in Statement of P and L - IV.
B. Current Liabilities include Calls in Advance - III.
C. Current Assets include Prepaid Expenses - II.
D. Non-current Assets include Furniture and Fittings - I.
Hence: A-IV, B-III, C-II, D-I.
Match the following with regard to company's Balance Sheet. | List I | List II | |---|---| | A. Shareholders funds | I. Furniture and Fittings | | B.…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
Match the following with regard to company's Balance Sheet.
| List I | List II |
|---|---|
| A. Shareholders funds | I. Furniture and Fittings |
| B. Current liabilities | II. Prepaid expenses |
| C. Current Assets | III. Calls in Advance |
| D. Non current assets | IV. Surplus of Balance on statement of P and L |
Choose the correct answer from the options given below:
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
A-II, B-I, C-III, D-IV
- B
A-IV, B-III, C-II, D-I
- C
A-II, B-I, C-IV, D-III
- D
A-III, B-II, C-I, D-IV
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