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Match the items in List I with those in List II List I (Accounting Standards and Sections of Act) List II (Issues) 1) AS…

Q1

Match the items in List I with those in List II

List I (Accounting Standards and Sections of Act) List II (Issues)
1) AS - 3 a) Settlement of Accounts
2) AS - 26 b) Firm's debt and Private debt
3) Section 48 of Indian Partnership Act c) Cash Flow Statement
4) Section 49 of Indian Partnership Act d) Treatment of Goodwill
a

1(a), 2(b), 3(c), 4(d)

b

1(a), 2(c), 3(b), 4(d)

c

1(a), 2(b), 3(d), 4(c)

d

1(c), 2(d), 3(a), 4(b)

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