Match List – I with List – II. List – I List – II (A) Gain on sale of… | Accountancy Part A CUET question

Match List – I with List – II.

List – I	List – II
(A) Gain on sale of sports material	(I) Liability side of Balance Sheet
(B) Donation for Library	(II) Income side of Income and Expenditure A/c
(C) Grass seeds purchased	(III) Assets side of Balance Sheet
(D) Accrued Subscription	(IV) Expenditure side of Income and Expenditure A/c

Choose the correct answer from the options given below :

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

Revenue items of the year go to the Income and Expenditure Account; capital items and balances go to the Balance Sheet:

(A) Gain on sale of sports material — this matches (II) Income side of Income and Expenditure A/c. Sale of used sports material is a regular income of a club.

(B) Donation for Library — this matches (I) Liability side of Balance Sheet. A donation for a specific purpose is capitalised and shown as a liability.

(C) Grass seeds purchased — this matches (IV) Expenditure side of Income and Expenditure A/c. It is a routine upkeep expense of the ground.

(D) Accrued Subscription — this matches (III) Assets side of Balance Sheet. Subscription due but not received is an amount receivable.

Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), but it is still in the CUET 2026 syllabus, so do not skip it.

NCERT (Pre-rationalised edition):
Some Peculiar Items – “… Sale of Sports Materials: Sale of sports materials (used materials like old balls, bats, nets, etc) is the regular feature with any Sports Club. It is usually shown as an income in the Income and Expenditure Account.”

NCERT (Pre-rationalised edition):
Donations – “… (i) Specific Donations: If donation received is to be utilised to achieve specified purpose, it is called Specific Donation. The specific purpose can be an extension of the existing building, construction of new computer laboratory, creation of a book bank, etc. Such donation is to be capitalised and shown on the liabilities side of the Balance Sheet irrespective of the fact whether the amount is big or small.”

NCERT (Pre-rationalised edition):
Balance Sheet

Extract from the NCERT textbook

NCERT (Pre-rationalised edition):
Some Peculiar Items

Extract from the NCERT textbook

Match List – I with List – II.

List – I	List – II
(A) Gain on sale of sports material	(I) Liability side of Balance Sheet
(B) Donation for Library	(II) Income side of Income and Expenditure A/c
(C) Grass seeds purchased	(III) Assets side of Balance Sheet
(D) Accrued Subscription	(IV) Expenditure side of Income and Expenditure A/c

Choose the correct answer from the options given below :

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

Revenue items of the year go to the Income and Expenditure Account; capital items and balances go to the Balance Sheet:

(A) Gain on sale of sports material — this matches (II) Income side of Income and Expenditure A/c. Sale of used sports material is a regular income of a club.

(B) Donation for Library — this matches (I) Liability side of Balance Sheet. A donation for a specific purpose is capitalised and shown as a liability.

(C) Grass seeds purchased — this matches (IV) Expenditure side of Income and Expenditure A/c. It is a routine upkeep expense of the ground.

(D) Accrued Subscription — this matches (III) Assets side of Balance Sheet. Subscription due but not received is an amount receivable.

Note: This question is from the pre-rationalised NCERT book. The topic is not there in the latest NCERT book (2026-27), but it is still in the CUET 2026 syllabus, so do not skip it.

NCERT (Pre-rationalised edition):
Balance Sheet

Extract from the NCERT textbook

NCERT (Pre-rationalised edition):
Some Peculiar Items

Extract from the NCERT textbook