Q2056
Match List-I with List-II and select the correct answer: List-I List-II a. Measurement of income 1. Accrues to the equity of owners b. Recognition of expense 2. Recognition of revenue c. Basis of realization 3. Matching revenue with expenses d. Identification of revenue 4. Accounting period
Match List-I with List-II and select the correct answer:
| List-I | List-II |
| a. Measurement of income | 1. Accrues to the equity of owners |
| b. Recognition of expense | 2. Recognition of revenue |
| c. Basis of realization | 3. Matching revenue with expenses |
| d. Identification of revenue | 4. Accounting period |
A.
a-1, b-2, c-3, d-4
B.
a-2, b-1, c-3, d-4
C.
a-3, b-4, c-1, d-2
D.
a-3, b-4, c-2, d-1
AnswerAnswer: Option D
Solution
Answer: Option D
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