CBSE  /  Class 12  /  Accountancy  /  Accounting for Not for Profit Organisation

  • 1. 
    Entrance fees, unless otherwise stated, is treated as:

  • A Capital Receipt
  • A Revenue Income
  • A Liability
  • None of these

  • 2. 
    Specific donation is:

  • Capital Receipt
  • Revenue Receipt
  • Asset
  • None of these

  • 3. 
    Income and Expenditure Account records transactions of:

  • Capital nature only
  • Revenue nature only
  • (a) and (b) both
  • None of these

  • 4. 
    Life membership fee received by a club is:

  • Revenue Receipt
  • Capital Receipt
  • (a) and (b) both
  • None of these

  • 5. 
    All receipts of capital nature are shown in :

  • Income and Expenditure A/c
  • Balance Sheet
  • P. & L. A/c
  • None of these

  • 6. 
    All items of revenue in nature are shown in:

  • Income and Expenditure A/c
  • Balance Sheet
  • (a) and (b) both
  • None of these

  • 7. 
    Which of the following is not a not-for-profit organisation ?

  • College
  • Sports Club
  • Maruti Udyog
  • Hospital

  • 8. 
    Subscriptions received in advance by a club are shown on… .of the Balance Sheet

  • Assets Side
  • Liabilities Side
  • Debit Side
  • Credit Side

  • 9. 
    Which of the following is not an income ?

  • Subscription
  • Donation
  • Sale of Ticket
  • Endowment Fund

  • 10. 
    Most transaction in non-trading concerns are:

  • Cash
  • Credit
  • Both (a) and (b)
  • None of these
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