Match List-I with List-II (subject) and select the correct answer: List-I List-II a. Preliminary expenses 1. Revenue expenditure b. Interest on loan for business 2. Revenue receipts c. Life subscription 3. Deferred revenue expenditure d. Interest on bank deposits 4. Capital Receipts

Life subscription is a capital receipt as it is a receipt of money in consideration of the transfer of an asset.

Interest on bank deposits is a revenue receipt as it is a receipt of money in consideration of the lending of money.

Here is a brief explanation of each option:

• Option A: a-4, b-1, c-2, d-3

This option is correct as it correctly matches the items in List-I with the items in List-II.

• Option B: a-3, b-1, c-4, d-2

This option is incorrect as it incorrectly matches the item “a. Preliminary expenses” with the item “3. Deferred revenue expenditure”. Preliminary expenses are capital expenditure, not deferred revenue expenditure.

• Option C: a-4, b-3, c-2, d-1

This option is incorrect as it incorrectly matches the item “b. Interest on loan for business” with the item “2. Revenue receipts”. Interest on loan for business is a revenue expenditure, not a revenue receipt.

• Option D: a-3, b-2, c-1, d-4

This option is incorrect as it incorrectly matches the item “c. Life subscription” with the item “4. Capital Receipts”. Life subscription is a capital receipt, not a capital expenditure.