Match List I with List II as per Statement of Profit and Loss of a company under Schedule III of Companies Act, 2013:List IA. Interest chargesB. Sale of servicesC. SalaryD. Dividend IncomeList III. Employee Benefit ExpensesII. Other IncomeIII. Revenue from OperationsIV. Finance CostChoose the correct answer from the options given below:
- AA-IV, B-III, C-I, D-II
- BA-IV, B-II, C-I, D-III
- CA-II, B-I, C-III, D-IV
- DA-II, B-IV, C-I, D-III
Solution & Step-by-step Explanation
Matching the accounting items with their standard line item heads in the corporate income statement format:A. Interest charges: Paid on borrowings IV. Finance CostB. Sale of services: Core business operating earnings III. Revenue from OperationsC. Salary: Spent on workforce maintenance I. Employee Benefit ExpensesD. Dividend Income: Non-operating secondary revenue II. Other IncomeMatching yields: A-IV, B-III, C-I, D-II.