Account For Not For Profit Class 12 MCQs Questions with Answers

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

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

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

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

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

6. Payment of honorarium to secretary is treated as :

7. Specific donation is:

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

9. Receipts and Payments Account usually indicates:

10. Balance of Income and Expenditure Account shows:

11. Outstanding subscription is a:

12. Income and Expenditure Account is:

13. Capital fund is calculated:

14. Income and Expenditure Account is prepared :

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

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

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

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

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

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