Match the LIST-I with LIST-II IV. An income which does not grow
List I (Accounting Term) List II (Explanation / Example A. Capital Receipt I. An income which arises out of
the regular business transactionB. Capital Income II. Rent received on account of
letting out business premisesC. Revenue Receipt III. Money raised by issue of equity shares D. Revenue Income
out of or pertain to the running of
the business
Choose the correct answer from the options given below:
Accounting Terms Matching: List I & List II Explained
This question requires matching accounting terms from List I with their corresponding explanations or examples from List II. Let's break down each term and its correct match.
Understanding the Matches
We need to align the accounting concepts with their definitions:
- Capital Receipt: This refers to funds received by a business that are not part of its regular trading activities. These are often significant amounts related to the financing or investing activities of the company.
- Capital Income: This is income that doesn't arise from the ordinary day-to-day trading operations of the business. It can include profits from selling long-term assets.
- Revenue Receipt: This is income generated from the normal operational activities of the business. It's typically earned through the sale of goods or services.
- Revenue Income: This is the income that arises directly from the primary business activities and is earned during the normal course of operations.
Matching List I with List II
Based on the definitions and the provided correct answer, the matches are as follows:
- A. Capital Receipt is matched with III. Money raised by issue of equity shares. Issuing shares is a way for a company to raise capital, which is a non-operational financial activity.
- B. Capital Income is matched with IV. An income which does not grow out of or pertain to the running of the business. This explanation broadly covers income sources that are not part of regular business transactions.
- C. Revenue Receipt is matched with II. Rent received on account of letting out business premises. Receiving rent for property owned by the business is typically considered a recurring income stream generated from an asset, fitting the description of a revenue receipt.
- D. Revenue Income is matched with I. An income which arises out of the regular business transaction. This is the standard definition of revenue income, representing earnings from the core business operations.
Final Matching Summary
The correct matching is:
| List I Term | List II Explanation/Example | Match |
|---|---|---|
| A. Capital Receipt | III. Money raised by issue of equity shares | A-III |
| B. Capital Income | IV. An income which does not grow out of or pertain to the running of the business | B-IV |
| C. Revenue Receipt | II. Rent received on account of letting out business premises | C-II |
| D. Revenue Income | I. An income which arises out of the regular business transaction | D-I |
Therefore, the correct option is the one that reflects this specific matching: A-III, B-IV, C-II, D-I.
Important Questions from Environmental Initiatives
What is the name of the Societal movement launched by the Union Minister of Environment, forest and climate change?
Who coined the Chipko slogan "Ecology is Permanent Economy"?
’Save the Silent Valley’ movement, a social movement to save the tropical green forest from destruction for a regional development project was territorially based in Indian State of -
'Rally for valley' program in India was organized to highlight the problem of -
Identify the correct sequence of countries in increasing order of their present annual carbon dioxide emissions.
A. India
B. China
C. USA
D. Russia
E. Japan
Choose the correct answer from the options given below
