MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Matching Concept

The matching ...

Question

The matching concept matches which of the following?

A

Assets with Liabilities

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Capital with Income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Incomes with Expenses

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Expenses with capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Incomes with Expenses

The matching concept matches the incomes with expenses for a particular period.

Suggest Corrections

thumbs-up

2

Similar questions

Q. Classify the following into Assets, Liabilities, Capital, Revenue, and Expenses:

(i) Plant and Machinery;	(ii) Bank Loan;	(iii) Sales;	(iv) Rent;
(v) Discount Received;	(vi) Carriage Inwards;	(vii) Carriage outwards;	(viii) Purchases;
(ix) Bills Payable;	(x) Wages;	(xi) Advance Income;	(xii) Accrued Income;
(xiii) Goodwill;	(xiv) Furniture and Fixtures;	(xv) Outstanding Expenses;	(xvi) Capital.

Q. Match List I with List II and select the correct answer using the codes given below the lists.
List I List II
A. Heavy advertisement expenses 1. Capital expenditure
B. Travelling expenses of the salesman 2. Revenue expenditure
C. Profit on the sale of office building 3. Capital gain
D. Purchase of plant and machinery 4. Deferred revenue expenditure

Q. _______ is a book of account, in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Q. _____ is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Classify the above mentioned accounts (in Question 1.IA) into Asset, Liability, Capital, Revenue and Expenses.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

GAAP and Basic Accounting Concepts

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Matching Concept

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon