TN State Board Samacheer Kalvi Online Test for 12th Std - Accountancy - English - Accounts of Not-For-Profit Organisation

Question 1 Of 10

Donations received for a specific purpose is

Revenue receipt Capital receipt Revenue expenditure Capital expenditure

Question 2 Of 10

Only revenue items are recorded in

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

Question 3 Of 10

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

Capital receipt Capital expenditure Revenue Receipt Capital receipt

Question 4 Of 10

Receipts & payments A/c records receipts & payments of

Current year only Previous & future period only both a & b both a & b

Question 5 Of 10

There are 500 members in a club each paying ₹ 100 as annual subscription. Subscription due but not received for the current year is ₹ 200; Subscription received in advance is ₹ 300. Find out the amount of subscription to be shown in the income and expend ; account.

₹ 50,500 ₹ 50,200 ₹ 49,900 ₹ 49,800

Question 6 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 7 Of 10

Revenue items of current year alone are recorded in

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

Question 8 Of 10

Which of the following should not be recorded in the income and expenditure account?

Sale of old news papers Loss on sale of asset Honorarium paid to the secretary Sale proceeds of furniture

Question 9 Of 10

Balance of receipts and payments account indicates the

Loss incurrd during the period Excess of income over expenditure of the period Total cash payments during the period Cash and bank balance as on the date

Question 10 Of 10

Income and expenditure Account is prepared to find out

Profit or loss Cash and bank balance Surplus or deficit Financial position

Tamil Nadu State Board ( Samacheer Kalvi ) Online Test based on Book Back Questions - 12th Standard Accountancy - English Medium - Accounts of Not-For-Profit Organisation

Samacheer Kalvi 12th Accountancy - Accounts of Not-For-Profit Organisation - Book Back Questions in English Medium