a-4, b-3, c-2, d-1
a-2, b-4, c-1, d-3
a-4, b-2, c-1, d-3
a-4, b-1, c-2, d-3
Answer is Right!
Answer is Wrong!
The correct answer is: C. a-4, b-2, c-1, d-3
List-I | List-II
——- | ——–
a. Expenses of scheme | Debit capital reduction account
b. Statutory reserve | Not transferable to capital reduction
c. Balance sheet after reduction | Indicate and reduced
d. Reduction in paid-up value of shares | Transfer difference to capital reserve
Explanation:
a. Expenses of scheme are debited to capital reduction account.
b. Statutory reserve is not transferable to capital reduction.
c. Balance sheet after reduction should indicate the reduction in paid-up value of shares.
d. The difference between the amount of the reduction and the amount of the expenses of the scheme is transferred to capital reserve.