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12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 2 Mark Questions with Solution Part - II Question Bank Software Jun-02 , 2021

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12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 2 Mark Questions with Solution Part - II

12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 2 Mark Questions with Solution Part - II

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10

    Part I

    5 x 2 = 10

  1. State the meaning of not–for–profit organisation

  2. What is legacy?

  3. Give four examples for capital receipts of not–for–profit organisation.

  4. How will the following items appear in the final accounts of a club for the year ending 31st March 2017? Received subscription of Rs. 40,000 during the year 2016-17. This includes subscription of Rs. 5,000 for 2015 - 16 and Rs. 3,000 for the year 2017-18. Subscription of 1,000 is still outstanding for the year 2016 - 17.

  5. From the following particulars, show how the item ‘subscription’ will appear in the Income and Expenditure Account for the year ended 31-12-2018? Subscription received in 2018 is Rs.50,000 which includes Rs.5,000 for 2017 and Rs.7,000 for 2019. Subscription outstanding for the year 2018 is Rs 6,000. Subscription of Rs.4,000 was received in advance for 2018 in the year 2017.

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