Tamil Nadu HSC (Class 12) Accounts of Not-for-Profit Organisation — practice questions
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Practice Tamil Nadu HSC (Class 12) Accounts of Not-for-Profit Organisation in the app →Not-for-profit organisations are also known as:The receipts and payments account is which type of account?The income and expenditure account is which type of account?The income and expenditure account is prepared in order to find out the:A gift made to a not-for-profit organisation by a will is called a legacy. It is:A donation received with a specific condition, such as for a prize fund, is:The amount received towards life membership fee from members is treated as a capital receipt because it is:Which three final accounts are prepared by a not-for-profit organisation?Not-for-profit organisations in India may be registered under which provision named in the textbook?Which statement about the receipts and payments account is correct?Which of these is NOT shown in the receipts and payments account?Subscription outstanding for the current year appears in the balance sheet as:Subscription received in advance during the current year for the next year is shown in the balance sheet:How is the consumption of sports materials for the year computed?Interest earned on prize fund investments should be:The capital fund of a not-for-profit organisation is also called the:The purchase of sports materials such as balls and nets is treated as:Honorarium paid to a person who is not a regular employee is:When a club sells old furniture, what enters the income and expenditure account?In the balance sheet of a not-for-profit organisation, a surplus for the year is:How is a bank overdraft at the beginning of the year entered in the receipts and payments account?Subscription received during 2018 was Rs 1,50,000. Outstanding subscription was Rs 10,000 at the start and Rs A club has 300 members each paying Rs 200 a year. Subscription received for the current year was Rs 48,000. ThOpening stock of sports materials was Rs 3,000, purchases during the year Rs 9,000 and closing stock Rs 4,000.Prize fund stood at Rs 60,000. During the year interest on prize fund investments was Rs 6,000, a donation to A club's assets total Rs 1,30,000 and its liabilities, being subscription in advance Rs 5,000 and a loan of RsA match fund stood at Rs 30,000. Receipts for the match fund during the year were Rs 22,500 and match expensesA club has 400 members each paying Rs 150 a year. Subscription outstanding for the current year is Rs 300 and In this textbook's balance sheets, legacies and life membership fees are:Which item would appear in the receipts and payments account but NOT in the income and expenditure account?