Economics · Classification of Assets and Liabilities
Match List-I (Financial Items) with List-II (Accounting Category) and select the correct answer using the choices given below: List-IList-IIA. Prepaid rent1. Current liabilityB. Bank overdraft2. Current assetsC. Goodwill3. Fictitious assetsD. Profit & Loss A/c (Dr. balance)4. Intangible assets
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-4, B-1, C-3, D-2
- 2A-3, B-4, C-1, D-2
- 3A-2, B-1, C-4, D-3✓
- 4A-1, B-2, C-3, D-4
Correct answer
A-2, B-1, C-4, D-3
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