Match List I with List II
LIST I LIST II A. Interest charges I. Employees Benefit Expenses B. Sale of services II. Other incomes C. Salary III. Revenue from Operations D. Dividend Income IV. Finance cost
Choose the correct answer from the options given below:
Match List I with List II
| LIST I | LIST II |
|---|---|
| A. Interest charges | I. Employees Benefit Expenses |
| B. Sale of services | II. Other incomes |
| C. Salary | III. Revenue from Operations |
| D. Dividend Income | IV. Finance cost |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 1
As per Schedule III: Interest charges are a Finance cost (IV). Sale of services is Revenue from Operations (III). Salary is an Employees Benefit Expense (I). Dividend Income (for a non-finance company) is classified under Other incomes (II). Hence A-IV, B-III, C-I, D-II.
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