Match List - I with List - II.
|
List - I |
List - II |
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|
A. |
Finance lease |
I. |
The lessor transfers, substantially all the risk and rewards incidental to the ownership of the asset to the lessee. |
|
B. |
Operating lease |
II. |
The lease under which a lessor owns / acquires the assets that are leased to a given lessee. |
|
C. |
Sale and lease back |
III. |
The lessee sell an asset for cash to prospective lessor. |
|
D. |
Direct lease |
IV. |
The lessor does not transfer all the risk and rewards incidental to ownership of the assets. |
Choose the correct answer from the options given below:
1
A - I, B - IV, C - III, D - II
2
A - IV, B - I, C - III, D - I
3
A - I, B - II, C - III, D - IV
4
A - I, B - III, C - IV, D - II