Receipts and Payment A/c is prepared on Cash basis (IV). Life membership fees is a Capital receipt (II). Match fund is a kind of Special fund (I). Income and Expenditure A/c is prepared on Accrual basis (III). Match is option 3.
Note: This question relates to Not-for-Profit Organisations, a topic not explicitly listed; we have placed it under Financial Statements/Nature-Structure as the closest fit.
Match List - I with List - II. | List - I | List - II | |---|---| | (A) Receipts and Payment A/c | (I) Special fund | | (B) Capital receipt | (II)…
CUET UG 2022 — Accountancy Financial Statements
2022mcqeasy
Match List - I with List - II.
| List - I | List - II |
|---|---|
| (A) Receipts and Payment A/c | (I) Special fund |
| (B) Capital receipt | (II) Life membership fees |
| (C) Match fund | (III) Accrual basis |
| (D) Income and Expenditure A/c | (IV) Cash basis |
Choose the correct answer from the options given below :
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
(A) - (III), (B) - (I), (C) - (II), (D) - (IV)
- B
(A) - (II), (B) - (III), (C) - (IV), (D) - (I)
- C
(A) - (IV), (B) - (II), (C) - (I), (D) - (III)
- D
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
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