Match List-I with List-II
|
List-I Expenses incurred to earn the income |
List-II Explanation |
|
(A). Purchase of Stock-in-trade |
(I). Expenses towards interest charges during the year on the borrowings |
|
(B). Employees benefit expenses |
(II). Diminution in the value of fixed assets |
|
(C). Finance cost |
(III). Purchases of goods for the purpose of trading |
|
(D). Depreciation |
(IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
|
List-I Expenses incurred to earn the income |
List-II Explanation |
|
(A). Purchase of Stock-in-trade |
(III). Purchases of goods for the purpose of trading |
|
(B). Employees benefit expenses |
(IV). Expenses incurred on employees towards salary, wages, leave encashment, staff welfare, etc |
|
(C). Finance cost |
(I). Expenses towards interest charges during the year on the borrowings |
|
(D). Depreciation |
(II). Diminution in the value of fixed assets |