a-1, b-3, c-4, d-2
a-4, b-1, c-3, d-2
a-4, b-3, c-2, d-1
a-2, b-3, c-1, d-4
Answer is Right!
Answer is Wrong!
The correct answer is: D. a-2, b-3, c-1, d-4.
List-I | List-II
——- | ——–
a. Cash | Current Assets
b. Profit | Equity Share Capital
c. Discount on issue of Shares | Fictitious Assets
d. Machinery & Plant | Fixed Assets
Cash is a current asset because it is expected to be converted into cash within one year. Profit is an equity share capital because it represents the amount of money that shareholders have invested in the company. Discount on issue of shares is a fictitious asset because it is not a real asset and does not have any physical existence. Machinery & plant is a fixed asset because it is expected to be used for more than one year.
Here is a brief explanation of each option:
- Option A: This option is incorrect because it matches cash with equity share capital. Cash is a current asset, while equity share capital is a liability.
- Option B: This option is incorrect because it matches cash with fixed assets. Cash is a current asset, while fixed assets are long-term assets.
- Option C: This option is incorrect because it matches profit with fictitious assets. Profit is an equity share capital, while fictitious assets are not real assets.
- Option D: This option is correct because it matches cash with current assets, profit with equity share capital, discount on issue of shares with fictitious assets, and machinery & plant with fixed assets.