Match List – I with List – II.
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LIST – I |
LIST – II |
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A. Finance cost |
I. Decrease in value of fixed assets |
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B. Depreciation |
II. Expenses on salary, wages, leave encashment |
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C. Employee benefit expenses |
III. Purchase of goods for trading |
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D. Purchase of Stock in Trade |
IV. Expenses towards interest charges on borrowing |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → A-IV, B-I, C-II, D-III
These are the expense heads of the Statement of Profit and Loss under Schedule III.
(A) Finance cost — this matches (IV) Expenses towards interest charges on borrowing.
(B) Depreciation — this matches (I) Decrease in value of fixed assets.
(C) Employee benefit expenses — this matches (II) Expenses on salary, wages, leave encashment.
(D) Purchase of Stock in Trade — this matches (III) Purchase of goods for trading.
NCERT (2026-27 edition):
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