NCERT Class 12 Accountancy MCQ : Accounting for Not for Profit Organisation
Embark on a financial journey into the unique realm of not-for-profit organizations with our specialized Multiple Choice Questions (MCQs) page on ‘Accounting for Not-for-Profit Organizations.’ Curated from previous year papers of diverse exams, including UPSC IAS, this resource is tailored for accounting enthusiasts and exam aspirants eager to grasp the intricacies of financial management within the non-profit sector.
Explore a diverse array of topics within ‘Accounting for Not-for-Profit Organizations,’ from fund accounting to financial reporting, as each MCQ is meticulously crafted to challenge and deepen your understanding of the accounting principles specific to non-profit entities. Whether you’re a UPSC IAS candidate or someone passionate about financial stewardship, this page serves as an invaluable tool for exam preparation and building expertise in the unique accounting practices governing not-for-profit organizations.
Key Features:
Authentic questions from UPSC IAS and diverse sector exams
Comprehensive coverage of fund accounting and financial reporting for non-profit entities
Ideal for exam preparation and advancing proficiency in accounting principles
Embark on a financial exploration as you engage with our thoughtfully curated MCQs, each question designed to shed light on the complexities of ‘Accounting for Not-for-Profit Organizations’ and enhance your comprehension of financial management within the non-profit sector.
NCERT Class 12 Accountancy : Accounting for Not for Profit Organisation MCQ – NCERT Class 12 MCQ
Question:
Receipts and Payments A/c is a summary of
A
B
C
D
Question:
Subscription received by a schoblfbr organising annual V function is treated
A
B
C
D
Question:
Out of the following items, which one is shown in the Receipts and Payments Account?
A
B
C
D
Question:
In case specific fund is maintained, the expenses exceeding the amount of the fluids, should be recorded on:
A
B
C
D
Question:
All receipts from sale of consumable items are treated as
A
B
C
D
Question:
Capital fUnd is calculated:
A
B
C
D
Question:
Subscription redeved in advance during the current year is:
A
B
C
D
Question:
Balance of Income and Expenditure Account shows
A
B
C
D
Question:
Property received as a result of the will of the deceased person is called:
A
B
C
D
Question:
Receipts and Payments Account usually indicates:
A
B
C
D
Question:
Income and Expenditure Account generally indicates
A
B
C
D
Question:
Donation received for a special purpose
A
B
C
D
Question:
In not-for-profit organisation, excess of expenditure over income is called :
A
B
C
D
Question:
Which of the following is a non-profitable organisation
A
B
C
D
Question:
Income and Expenditure Account is preparedly :
A
B
C
D
Question:
Sale of old newspapers is
A
B
C
D
Question:
Income and expenses related to the prize fund is shown in:
A
B
C
D
Question:
Which of the following is not a not-for-profit organisation
A
B
C
D
Question:
Subscription received during the year 50,000 Rs. Subscriptions outstanding at the end of the year 8,000 Rs. Subscription outstanding at the beginning of the year 6,000 Rs. Net Income from subscription will be :
A
B
C
D
Question:
Subscription received during the year ₹ 1,80,000 Subscriptions outstanding at the end of the year ₹ 20,000 Subscriptions received in advance at the end of the year ₹ 10,000. The amount of subscription to be credited to Income and Expenditure Account will be:
