TN State Board Samacheer Kalvi Online Test for 11th Std - Accountancy - English - Accounts of Not-For-Profit Organisation

Question 1 Of 10

Grants received towards construction of buildings acqisiton of assets etc are treated as

Capital receipt Capital expenditure Revenue Receipt Capital receipt

Question 2 Of 10

Legacy is a

Revenue expenditure Capital expenditure Revenue receipt Capital receipt

Question 3 Of 10

Grants received towards maintenance of assets, payments of salaries etc aire are treated as

Capital receipt revenue receipt Capital Expenditure revenue receipt

Question 4 Of 10

Receipts and payments account records receipts and payments of

Revenue nature only Captital nature only Both revenue and captial nature None of the above

Question 5 Of 10

Only revenue items are recorded in

Income & Expenditure A/c Receipts & payments A/c Balance sheet Income & Expenditure A/c

Question 6 Of 10

Receipts and payments account is a

Nominal A/c Real A/c Personal A/c Representative personal account

Question 7 Of 10

Non-cash items such as depreciation outstanding expenses and accrued income are not shown in

Receipts & payments A/c Income & expenditure A/c Balance sheet Receipts & payments A/c

Question 8 Of 10

Interest on investment received is a