Match the following-

1) d, 2) c, 3) a, 4)b

*Building fund- Besides the Capital or General Fund, there may be other funds created for specific purposes or to meet the requirements of the contributors/donors such as building fund, sports fund, etc. Such funds are shown separately in the liabilities side of the balance sheet.

* Govt grants of ₹10000- Government Grant: Schools, colleges, public hospitals, etc. depend upon government grant for their activities. The recurring grants in the form of maintenance grant is treated as revenue receipt (i.e. income of the current year) and credited (income side) to Income and Expenditure account.

* Subscription not received for the current year of ₹5000- Subscription for the current year is accured income so it is to be shown on the asset side of the balance sheet.

* Honorarium of ₹8000- Honorarium is the amount paid to the person who is not the regular employee of the institution. Payment to an artist for giving performance at the club is an example of honorarium. This payment of honorarium is shown on the expenditure (debit) side of the Income and Expenditure Account.