Reason (R): Since share premium is not a trading profit, it is not distributed to shareholders.    

(i) Debentures         (ii) Prepaid rent         (iii) Interest accrued         (iv) Bank overdraft Which one of them are current liabilities?

  List  I List II (a) Measurement of income (i) Accrues to the equity of owners (b) Recognition of expense (ii) Recognition of revenue (c) Basis of realization (ii) Matching revenue with expenses (d) Identification of revenue (iv) Accounting period.

Reason (R): The style is limited to the internal economy only.    

  List  I List II (a) Matching approach (1) Dividend Policy (b) Structural ratios (2) Inventory Management (c) Ordering quantity (3) Financing Working Capital (d) Bonus shares (4) Capital structure