Self Studies
Selfstudy
Selfstudy

Accounting for ...

TIME LEFT -
  • Question 1
    1 / -0

    A non-profit organization received 210,000 as the entrance fee of a new member. If 50% of the fees has to be capitalized, what is the amount of fees needs to be shown in the income and expenditure account ?

  • Question 2
    1 / -0

    From the following, find out the amount of subscriptions to be included in the Income & Expenditure Account for the year ended 31st March 2009. 
    Subscription were received during the year 2008 - 2009 as follows: 
    For the year 2008 - 2009 30,000

    For the year 2009 - 2010 3,000
    Subscription outstanding as on 31st March 2008 were Rs. 3,500 out of which Rs.500 were considered to be irrecoverable. On the same date, Subscription received in advance for 2008-2009 were Rs. 2,000.

  • Question 3
    1 / -0

    Investment in sinking fund by a non profit organization is a/an ______________.

  • Question 4
    1 / -0

    A not-for-profit entity has all the following characteristic except that it will ______________.

  • Question 5
    1 / -0

    The accounting information provided by not-for-profit organizations is meant for the _______ and potential contributors to meet the statutory requirement.

  • Question 6
    1 / -0

    From the following details calculate the Land & Building purchased during the year -
    Land & Building on 1.4.2018 =  2,00,000
    Land & Building on 313.2019 =  2,13,750
    Depreciation provided on land & building during the year was Rs. 11,250.

  • Question 7
    1 / -0

    Admission fees received during the year should be treated ______________.

  • Question 8
    1 / -0

    Rs. 1,00,000 received as the annual membership subscription. Out of this Rs. 20,000 is pertaining to the previous accounting period, whereas Rs. 10,000 is receivable at the end of the current accounting period. Calculate the amount of subscription that will be shown in the income and expenditure account for this accounting year.

  • Question 9
    1 / -0

    The surplus generated in the form of excess of income over expenditure is simply ________ in the capital fund.

  • Question 10
    1 / -0

    Not-for-profit organisations are organised as charitable trusts and subscribers to such organisation are called _________.

Submit Test
Self Studies
User
Question Analysis
  • Answered - 0

  • Unanswered - 10

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Submit Test
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now