Account For Not For Profit Class 12 MCQs Questions with Answers

1. Out of the following items, which one is shown in the Receipts and Payments Account?

2. Specific donation is:

3. Outstanding subscription is a:

4. Payment of honorarium to secretary is treated as :

5. In case specific fund is maintained, the expenses exceeding the amount of the fluids, should be recorded on:

6. Subscription received by a schoblfbr organising annual V function is treated as:

7. Capital fund is calculated:

8. Income and Expenditure Account is:

9. In case specific fund is maintained, the expenses exceeding the amount of the funds, should be recorded on:

10. For a non-trading concern, honorarium paid is:

11. Entrance fees, unless otherwise stated, is treated as:

12. Balance of Income and Expenditure Account shows:

13. Subscription redeved in advance during the current year is:

14. Property received as a result of the will of the deceased person is called:

15. Receipts and Payments A/c is a summary of:

16. Life Membership Fees received by a club is shown in :

17. Receipts and Payments Account usually indicates:

18. Income and Expenditure Account is prepared :

19. The excess of assets over liabilities in non-trading concerns is termed as:

20. All receipts from sale of consumable items are treated as: