Match List I with List II
| List I | List II | ||
| A. | Revenue Receipt | I.Increase in Liability | |
| B. | Capital Receipt | II.Do not increase in Asset | |
| C. | Revenue Expenditure | III.Increase in Asset | |
| D. | Capital Expenditure | IV. Do not increase Liability | |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : A-IV, B-I, C-II, D-III
| List I | List II | ||
| A. | Revenue Receipt | IV. Do not increase Liability | |
| B. | Capital Receipt | I.Increase in Liability | |
| C. | Revenue Expenditure | II.Do not increase in Asset | |
| D. | Capital Expenditure | III.Increase in Asset | |