Financial Statements

Nature/Structure

Easy

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 :

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

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (II), (B) - (III), (C) - (IV), (D) - (I)

(A) - (IV), (B) - (II), (C) - (I), (D) - (III)

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

✅ Correct Option: 3

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.

2022: 16 July Shift 2

Amount of subscription credited during the year will be

2025: 15 May Shift 2

Which of the following items are included under Reserve and Surplus :

(A) Security Premium reserve

(B) Revaluation reserve

(D) Reserve Capital

Choose the correct answer from the options given below:

2022: 16 July Shift 2

Life Membership fees of Rs.25,000 is

2022: 30 Aug Shift 2

Match List I with List II

	LIST I: Major Head		LIST II: Sub Head
A.	Fixed assets	I.	Short term provisions
B.	Current Assets	II.	Money received against share warrants
C.	Current Liabilities	III.	Non current investment
D.	Shareholder's Funds	IV.	Inventories

Choose the correct answer from the options given below:

2025: 13 May Shift 2

Balance Sheet provides information about financial position of the enterprise:

2022: 23 Aug Shift 2

Which among the following items appear in the Receipt and Payment Account ?

(A) Life membership fees

(B) Depreciation of fixed assets

(D) Profit/loss on sale of fixed assets

Choose the correct answer from the options given below :

Match List - I with List - II. List - IList - 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 :

Solution

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CUET Accountancy Past Year Questions (Topic-Wise)

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 :