Match List-I with List II
| List I | List II |
| A. Subscription | I. Liabilities side of Balance Sheet of NPO (Not for profit Organisation) |
| B. Prepaid Expense | II. Receipt side of Receipt and Payment A/c of NPO |
| C. Honorarium | III. Assets side of balance sheet of NPO |
| D. Life Membership fees | IV. Payment side of Receipt and Payment A/c of NPO |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → A-II, B-III, C-IV, D-I
(A) Subscription — this matches (II) Receipt side of Receipt and Payment A/c of NPO. Subscriptions received in cash are receipts.
(B) Prepaid Expense — this matches (III) Assets side of balance sheet of NPO. An expense paid in advance is an asset at the year end.
(C) Honorarium — this matches (IV) Payment side of Receipt and Payment A/c of NPO. It is paid to a person who is not a regular employee.
(D) Life Membership fees — this matches (I) Liabilities side of Balance Sheet of NPO (Not for profit Organisation). It is a capital receipt added to the capital fund.
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):
NCERT (Pre-rationalised edition):
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