Match the items of a company given in List-A with the classification given in List-B and check your answer: List-A List-B a. Preliminary Expenses 1. Miscellanneous Expenditure b. Unclaimed Dividend 2. Loans and Advances c. Bills receivable 3. Current liability d. Live Stock 4. Fixed assets

The correct answer is: A. a-1, b-2, c-4, d-3

Preliminary expenses are incurred before the commencement of business and are not directly related to the production of goods or services. They are usually written off in the year in which they are incurred. Unclaimed dividends are dividends that have not been claimed by the shareholders. They are usually treated as a liability of the company. Bills receivable are amounts that are owed to the company by its customers. They are usually classified as current assets. Live stock is animals that are used in the production of goods or services. They are usually classified as fixed assets.

Here is a brief explanation of each option:

• Option A: This option is correct because it matches the items in List-A with the classification in List-B in a logical and consistent manner.
• Option B: This option is incorrect because it matches the item “Unclaimed Dividend” with the classification “Loans and Advances”. Unclaimed dividends are not loans or advances, they are dividends that have not been claimed by the shareholders.
• Option C: This option is incorrect because it matches the item “Bills receivable” with the classification “Current liability”. Bills receivable are not current liabilities, they are current assets.
• Option D: This option is incorrect because it matches the item “Live Stock” with the classification “Miscellanneous Expenditure”. Live stock is not miscellaneous expenditure, it is a fixed asset.