Question

Match List-I with List-II:
\begin{tabular{ll} List-I (Term) & List-II (Meaning)
(A) Capital & (I) The persons or firms to whom goods or services have been rendered
& on credit and payment has not been received
(B) Income & (II) Amount due to creditors and for bills due
(C) Debtors & (III) All assets minus external liabilities
(D) Payables & (IV) Revenue minus expenses

Choose the correct answer from the options given below:

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

Hint:

Debtors are entities from whom the business is owed money (C - I).
Income is calculated as Revenue minus Expenses (B - IV).
These matches immediately lead to the correct option.

Answer 1

The Correct Option is A