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Question
Match the items given in Column I with the headings/subheadings (Balance sheet) as defined in Schedule III of Companies Act 2013.
| Column I | Column II | ||
| (I) | Loose Tools | (a) | Intangible fixed assets |
| (II) | Patents | (b) | Other current assets |
| (III) | Prepaid insurance | (c) | Long term Borrowings |
| (IV) | Debentures | (d) | Inventories |
| (V) | Machinery | (e) | Tangible Fixed assets |
Options
(I)-(a), (II)-(b), (III)-(d), (IV)-(c), (V)-(e)
(I)-(d), (II)-(a), (III)-(b), (IV)-(c), (V)-(e)
(I)-(d), (II)-(a), (III)-(b), (IV)-(e), (V)-(c)
(I)-(e), (II)-(d), (III)-(a), (IV)-(b), (V)-(b)
MCQ
Solution
(I)-(d), (II)-(a), (III)-(b), (IV)-(c), (V)-(e)
shaalaa.com
Meaning and Concept of Debentures
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