FS of Non Profi...

General donation is credited to

Subscriptions received during the year were Rs.26000 including Rs.2000 for previous year and Rs.11000 for the next year. State the amount to be transferred as subscription to Income and expenditure account for current year

An amount of Rs.5, 00,000 is received as Donation with condition that this amount will be invested as Fixed Deposit in a Bank. Income from this Investment will be used to distribute prizes to meritorious students of the society It is an example of

Specific donation is shown in

On 1st April 2011 a club owned a building valued at Rs.200000, computer Rs.45000, furniture Rs.30000 and cash balance of Rs.2000. Subscription and salaries due on that date were Rs.1000 and Rs.2000. State the amount of capital fund on 1st April 2011.

How will you treat the following. Poor girl’s marriage fund- Rs.500000, Donation received towards fund- Rs.50000, expenditure during the year on Poor girl’s marriage fund – Rs.600000

Manik has instituted a separate fund of Rs.100000 in a school. The school kept the funds in a separate bank account out of which it withdrew money every year and spent it on the sports activities. The fund had a balance of Rs.15000 as on 31st March 2012 it spent Rs.17500 in organizing the sports events. How much amount to be debited to sports fund

Manik has instituted a separate fund of Rs.100000 in a school. The school kept the funds in a separate bank account out of which it withdrew money every year and spent it on the sports activities. The fund had a balance of Rs.15000 as on 31st March 2012 it spent Rs.17500 in organizing the sports events. How will you show account of expenses

Match the following. Options are as follows:

Which account give an idea about the cash position of a non-profit organization

Calculate the amount to be recorded on the liabilities side of balance sheet. Tournament fund – Rs.20000, Tournament expenses- Rs.6000, Tournament Receipts - Rs.8000

Prize fund Rs.10000, Interest on prize fund investments Rs.1000, Prize paid Rs.2000, Prize fund investment Rs.8000.What will be its treatment

Balance on tournament fund as on 01/04/2011 was Rs.80000.During the year 2011-2012 Tournament expenses- Rs.28000, and receipt from tournament were Rs.18500. State the amount to be shown on liability side

Receipt from sale of consumable item is accounted as __________

Mr. Shyam lal writes his will that his property will be transferred (after his death) to a Not-for-profit Organization. After death of Mr. Shyam lal, his property will be treated as capital receipt by concerned Not-for-profit Organization under the head 

How will you treat the Billiard Match expenses of Rs.2500

Second hand furniture worth Rs.6000 was purchased. It was repaired for Rs.600 and installed by the workers to whom Rs.200 were paid as wages. For what amount should the furniture be capitalized

There are 60 members of a Not-for-profit Organization and each member is required to pay a sum of 300 per annum to continue his/her membership. Hence this amount is known as

Expenditure on construction of Pavilion is Rs.600000. The construction work is in progress and has not yet completed. Pavilion fund as at 31st March 2011 is Rs.1000000 and Capital fund as at 31st March 2011 is Rs.2000000. Calculate the amount to be shown on liability side as Pavilion fund

Expenditure on construction of Pavilion is Rs.600000. The construction work is in progress and has not yet completed. Pavilion fund as at 31st March 2011 is Rs. 1000000 and Capital fund as at 31st March 2011 is Rs. 2000000 Amount to be shown on income and expenditure account