{"id":47252,"date":"2024-04-15T22:24:07","date_gmt":"2024-04-15T22:24:07","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=47252"},"modified":"2024-04-15T22:24:07","modified_gmt":"2024-04-15T22:24:07","slug":"match-list-i-with-list-ii-and-select-your-answer-list-i-list-ii-a-cash-1-equity-share-capital-b-profit-2-fixed-assets-c-discount-on-issue-of-shares-3-fictitious-assets-d-machinery-plant-4-c","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-list-i-with-list-ii-and-select-your-answer-list-i-list-ii-a-cash-1-equity-share-capital-b-profit-2-fixed-assets-c-discount-on-issue-of-shares-3-fictitious-assets-d-machinery-plant-4-c\/","title":{"rendered":"Match List I with List II and select your answer: List-I List-II a. Cash 1. Equity Share Capital b. Profit 2. Fixed Assets c. Discount on issue of Shares 3. Fictitious Assets d. Machinery &#038; Plant 4. Current Assets"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a98210c90f08\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    a-1, b-3, c-4, d-2                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-4, b-1, c-3, d-2                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-4, b-3, c-2, d-1                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"true\">\r\n                    a-2, b-3, c-1, d-4                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: D. a-2, b-3, c-1, d-4.<\/p>\n<p>List-I | List-II<br \/>\n&#8212;&#8212;- | &#8212;&#8212;&#8211;<br \/>\na. Cash | Current Assets<br \/>\nb. Profit | Equity Share Capital<br \/>\nc. Discount on issue of Shares | Fictitious Assets<br \/>\nd. Machinery &amp; Plant | Fixed Assets<\/p>\n<p>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 &amp; plant is a fixed asset because it is expected to be used for more than one year.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>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.<\/li>\n<li>Option B: <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                 <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> This option is incorrect because it matches cash with fixed assets. Cash is a current asset, while fixed assets are long-term assets.<\/li>\n<li>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.<\/li>\n<li>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 &amp; plant with fixed assets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match List I with List II and select your answer: List-I List-II a. Cash 1. 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