Question

Match List-I with List-II.

List-I	List-II
(A) Subscription	(I) Revenue income for the year in which it is received
(B) Endowment Fund	(II) Amount received as per the will of the deceased person
(C) Cash subsidy received from the government	(III) Main source of income of not-for-profit organizations
(D) Legacies	(IV) Fund arising from a bequest or gift

Choose the correct answer from the options given below:

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

Answer 1

The Correct Option is A

Subscription (A) refers to revenue income for the year in which it is received (I).
Endowment Fund (B) arises from a bequest or gift, meaning it is a fund established to provide income (IV).
Cash subsidy received from the government (C) is typically revenue income, serving as a main source of income for not-for-profit organizations (III).
Legacies (D) are amounts received as per the will of the deceased person (II).