Match List-I with List-II List-

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Partnership

Question:

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:

Options:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(I), (B)-(III), (C)-(II), (D)-(IV)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Explanation:

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