Self Studies

Financial State...

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  • Question 1
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    All revenues and expenses of a Non-profit organisation are reported on its statement of

  • Question 2
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    All assets and liabilities of Non-profit organisation are reported on its statement of

  • Question 3
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    The statement of _______ may be prepared under the direct or indirect method.

  • Question 4
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    Classifying expenses into program activities and supporting activities is known as the _______ basis

  • Question 5
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    Reporting expenses by categories such as salaries, rent, utilities, etc. is known as the ______ basis.

  • Question 6
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    Fund earmarked for investment in fixed assets is known as

  • Question 7
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    Which of the following is not an restricted fund

  • Question 8
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    The two types of restrictions on contributions that are classified as temporarily restricted are purpose and 

  • Question 9
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    All expenses of a Non-profit organisation are reported as part of the changes in ___________________ net assets.

  • Question 10
    1 / -0

    Normally the principal portion of an endowment will be classified as _________________ net assets.

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