Match the following.

Choose the correct answer from the options given below:

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

* Sale of Periodicals: It is an item of recurring nature and shown as the income side of the Income and Expenditure Account.

* Annual Membership Fees: Subscription is a membership fee paid by the member on annual basis. This is the main source of income of such organisations.

* Admission fee paid once to become member: Entrance fee also known as admission fee is paid only once by the member at the time of becoming a member. In case of organisations like clubs and some charitable institutions, is limited and the amount of entrance fees is quite high. Hence, it is treated as non-recurring item and credited directly to capital/general fund.

* Payment to an artist for performing at the club: 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 side of the Income and Expenditure Account.