FS of Non Profi...

Life Membership is a capital receipt and will be added to capital fund in _______

Income and expenditure accounts show

When cash is received for life membership, which one of the following double entries is passed? 

An advance receipt of subscription from a member of the non-profit organization is considered as a/an

Which of the following statement is false regarding receipt and payment account

Which of the following financial categories are used in a nongovernmental not-for-profit organization's statement of financial position?

Rent expense of a non-profit organization paid in advance. Which of the following is the correct classification of rent?

Amount received from the sale of grass of a club should be treated as

The balance sheet of a non-profit organization such as a charitable hospital doesn’t contain the

Sports fund are shown in the liabilities side but if same is invested outside it becomes____

When subscription is received in advance by a Non-profit organisation it is shown in____

The amount or property received by a non- profit organization as stated by the will of a deceased person is commonly referred to as 

Which of the following is the accounting equation for a non-profit organization?

Nongovernmental not-for-profit organizations are required to provide which of the following external financial statements?

Income and expenditure account is based on

The capital of a non-profit organization is generally known as

On what basis the receipts and payments account is prepared?

Belle, a nongovernmental not-for-profit organization, received funds during its annual campaign that were specifically pledged by the donor to another nongovernmental not-for-profit health organization. How should Belle record these funds?

Surplus as shown by the Income and expenditure account is

Which of the following is to be recorded in an income and expenditure account?

Entrance fee is treated as

Pahal, a nongovernmental not-for-profit organization, provides food and shelter to the homeless. Pahal received a Rs.15,000 gift with the stipulation that the funds be used to buy beds. In which net asset class should Pahal report the contribution?

Honorarium is a kind of remuneration paid to a person who is not the employee of a non-profit organization. Which of the following statements is true about the honorarium payment?

Sale of old newspapers by a non profit organisation is treated as ___________

XYZ club has a bar that maintains a separate trading account for its trading activities. Which of the following is the treatment of profit or loss on bar trading activities?