Honorarium is a payment for voluntary services, treated as expense, debited to I and E A/c (iii). Life Membership Fees are capitalised, credited to Capital Fund (iv). General Donations are revenue, credited to I and E A/c (ii). Outstanding subscription is receivable, shown as asset in Balance Sheet (i).
Match List - I with List - II | List - I | List - II | | --- | --- | | (a) Honorarium | (i) Asset side of balance sheet | | (b) Life Membership Fees…
CUET UG 2022 — Accountancy Financial Statements
2022mcqeasy
Match List - I with List - II
| List - I | List - II |
|---|---|
| (a) Honorarium | (i) Asset side of balance sheet |
| (b) Life Membership Fees | (ii) Credited to Income and Expenditure Account |
| (c) General Donations | (iii) Debited to Income and Expenditure Account |
| (d) Outstanding subscription | (iv) Credited to Capital Fund |
Choose the correct answer from the options given below :
Official previous-year question
Held on 20 Jul 2022 · Verified 13 Jul 2026.
Options
- A
(a) - (iii), (b) - (iv), (c) - (ii), (d) - (i)
- B
(a) - (iii), (b) - (i), (c) - (ii), (d) - (iv)
- C
(a) - (ii), (b) - (iv), (c) - (iii), (d) - (i)
- D
(a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)
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