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

  • 1. 
    The main object of non-profit organisation is:

  • To earn Profit
  • To Serve the Society
  • To Prepare Profit & Loss A/c
  • All the above

  • 2. 
    Subscription received by an organisation is:

  • Capital Receipt
  • Revenue Receipt
  • Both (a) and (b)
  • None of the above
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