Question

Match List I with List II

Choose the correct answer from the options given below:

• A. A-III, B-IV, C-I, D-II
• B. A-I, B-III, C-IV, D-II
• C. A-IV, B-I, C-III, D-II
• D. A-IV, B-I, C-II, D-III

Hint:

Link financial terms with common sense: - Finance cost → interest, - Depreciation → fall in asset value, - Employee expenses → wages/salaries, - Stock in trade → purchase of goods for resale.

Answer 1

The Correct Option is D

Step 1: Match each item in List I with the correct explanation from List II.
% Option (A) \textit{Finance cost} refers to the cost incurred on borrowing, mainly interest charges — matches with (IV).
% Option (B) \textit{Depreciation} is the systematic reduction in the value of fixed assets over time — matches with (I).
% Option (C) \textit{Employee benefit expenses} includes salary, wages, and leave encashment — matches with (II).
% Option (D) \textit{Purchase of Stock in Trade} refers to buying goods meant for resale — matches with (III).
Step 2: Verify the correct matching pattern.
Option (d) has: A–IV, B–I, C–II, D–III — which is correct.