Question

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: 

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

Answer 1

The Correct Option is B

The Correct Option is (B): A-IV, B-I, C-II, D-III