Question
Accountancy Question on Cash Flow Analysis
| Match List-I with List-II.List-I | List-II |
|---|---|
| (A) Subscription | (I) Revenue income for the year in which it is received |
| (B) Endowment Fund | (II) Amount received as per the will of the deceased person |
| (C) Cash subsidy received from the government | (III) Main source of income of not-for-profit organizations |
| (D) Legacies | (IV) Fund arising from a bequest or gift |
| Choose the correct answer from the options given below: |
A
(A)-(II), (B)- (I), (C)- (III), (D)- (IV)
B
(A)-(III), (B)- (I), (C)- (II), (D)- (IV)
C
(A)-(II), (B)- (I), (C)- (IV), (D)- (III)
D
(A)-(III), (B)- (IV), (C)- (I), (D)- (II)
Answer
(A)-(II), (B)- (I), (C)- (III), (D)- (IV)
Explanation
Solution
Subscription (A) refers to revenue income for the year in which it is received (I).
Endowment Fund (B) arises from a bequest or gift, meaning it is a fund established to provide income (IV).
Cash subsidy received from the government (C) is typically revenue income, serving as a main source of income for not-for-profit organizations (III).
Legacies (D) are amounts received as per the will of the deceased person (II).