Match the statements in List I with the types of lease in the List II as follows 2 marks L...........

Match the statements in List-I with the types of lease in the List-II as follows :    (2 marks)

List – I                                                               List – II

I Lessor transfers all risks and rewards of an asset to the lessee.  1. Indirect lease

II Lessor transfers the assets to the lessee  but bears the cost of maintenance 2. Operating lease

III The owner of the asset sells it to the lessor who in turn leases it back to the owner (now lessee) 3. Finance lease

IV Lessor owns/acquires the assets that are leased to a given lessee. 4. Direct lease

Codes : I II III IV