Donation received for a special purpose:

Should be credited to a separate account and shown in the Balance Sheet

Should be credited to Income and Expenditure A/c

Should be credited to a separate account and shown in the Balance Sheet

Should be shown on the Assets side of the Balance Sheet

Income and expenses related to the prize fund is shown in:

Assets side of the Balance Sheet

Liabilities side of the Balance Sheet

Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end of the year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Income from subscription will be :

48,000 Rs. (b) 64,000 Rs. (c) 52,000 Rs. (d) 36,000 Rs.

CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Quiz 2

10.

Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be:

₹ 2,10,000

₹ 1,90,000

₹ 1,70,000

₹ 2,00,000

1.

Income and Expenditure Account generally indicates:

2.

Donation received for a special purpose:

3.

In not-for-profit organisation, excess of expenditure over income is called :

4.

Which of the following is a non-profitable organisation ?

5.

Income and Expenditure Account is preparedly :

6.

Sale of old newspapers is:

7.

Income and expenses related to the prize fund is shown in:

8.

Which of the following is not a not-for-profit organisation:

9.

Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end of the year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Income from subscription will be :

10.

Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be:

Time

1. Income and Expenditure Account generally indicates:

2. Donation received for a special purpose:

3. In not-for-profit organisation, excess of expenditure over income is called :

4. Which of the following is a non-profitable organisation ?

5. Income and Expenditure Account is preparedly :

6. Sale of old newspapers is:

7. Income and expenses related to the prize fund is shown in:

8. Which of the following is not a not-for-profit organisation:

9. Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end of the year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Income from subscription will be :

10. Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be:

Time

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1.

Income and Expenditure Account generally indicates:

2.

Donation received for a special purpose:

3.

In not-for-profit organisation, excess of expenditure over income is called :

4.

Which of the following is a non-profitable organisation ?

5.

Income and Expenditure Account is preparedly :

6.

Sale of old newspapers is:

7.

Income and expenses related to the prize fund is shown in:

8.

Which of the following is not a not-for-profit organisation:

9.

Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end of the year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Income from subscription will be :

10.

Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be: