12th Standard Syllabus & Materials

12th Standard

TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set D

NEW

12th Standard

TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set C

NEW

12th Standard

TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set B

NEW

12th Standard

TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set A

NEW

12th Standard

TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set D

NEW

12th Standard

TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set C

12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Creative 5 Mark Questions with Solution Part - I updated Creative Questions

Published on: 13/05/2022

QB365 provides detailed and simple solution for every
Creative Questions in class 12 Accountancy Subject. It will helps to get more idea about question pattern in
every Creative questions with solution.

latest Creative Questions

Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.

Questions + Answers key

Take MCQ Accountancy Test

QB365 Student Learing Managemnet System

Std: 12th Standard - Accountancy

chapter: - Creative Questions

Visit QB365-SLMS - https://www.qb365.in/slms/ Complete Questions and Answers

Questions:

Generic 5

5 x 5 = 25

From the Receipt and Payment Account given below, prepare the Income and Expenditure Account of clean Delhi club for the year ended March 31, 2017

Dr Receipt and Payment Account for the year ending March 31^st, 2017 Cr
Receipts	Rs	Payments	Rs
To Balance b/d		By Salary	1,500
Cash in hand	3200	By Rent	800
To Subscriptions	22,500	By Electricity	3,500
To Entrance fees	1,250	By Taxes	1,700
To Donations	2,500	By Printing stationery	380
To Rent of hall	750	By Sundry expenses	920
To Sale of investment	3,000	By Books purchased	7,500
		By Fixed deposit with bank	5,000
		(on31-3-2014)
		By Balance c/d
		Cash in hand 400
		Cash at bank 1,500	1,900
	33,200		33,200

From the following extract of Receipt and Payment Account and the additional information given below, compute the amount of income from subscriptions and show as how they would appear in the Income and Expenditure Account for the year ending March 31^st, 2015 and Balance sheet.

Dr Receipt and Payment Account for the year ending March 31, 2015 Cr
Receipts	Rs	Payments	Rs
Subscription:
2013-14 7,000
2014-15 30,000
2015-16 5,000	42,000

Additional Information:
(i) Subscriptions outstanding March 31, 2014 Rs. 8,500
(ii) Total subscriptions outstanding March 31, 2015 Rs. 18,500
(iii) Subscriptions received in advance as Rs. 4,000 on March 31, 2014.

Following is the receipts and payments accounts of Literacy club for the year ended 31^stMarch 2016

Receipts	Rs.	Rs.	Payments	Rs.
To Balance c/d		19,550	By Salary	3,000
			By News papers	2,050
To Subscribtions			By Electricity bill	1,000
2014·2015	1,200		By Fixed deposit	20,000
2015·2016	26,500		(on 1^st July, 2015 @
	500		9% per annum
		28,200	By Books	10,600
			By Rent	6,800
To slae old news paper		1,250	By Furniture	10,500
To Government grants		10,000	By Balance dd	11,200
To sale of old furniture		5,700
(book value Rs.7,000)
To interest on fixed deposits		450
		65,150		65,150

Additional information:
(i) Subscription outstanding as on 31^stMarch, 2015 were Rs. 2000 and on 31^stMarch, 2016 Rs. 2,500.
(ii) On 31^stMarch, 2016 Salary outstanding was Rs. 600 and rent outstanding was Rs. 1,200.
(iii) The club owned furniture Rs. 15,000 and books Rs. 7,000 on 1st April, 2015. Prepare income and expenditure account of the dub for the year ended 31^stMarch 2016 and as certain capital fund on 31^stMarch, 2015. Also prepare a balance sheet as on 31^stMarch, 2016.

From the following Receipts and Payments Account of Trichy, Rotary club, prepare Income and Expenditure Account for the year ended 31.03.2019

Receipts	Rs	Paymenta	Rs
To Opening Balance		By Furniture Purchased	10,000
Cash in hand	11,000	By Rent	2,800
To Sale of old newspaper	3,600	By Postage	1,700
To Member's Subscription	31,000	By General expenses	4,350
To Locker rent	8,000	By Printing and stationery	45,000
To Interest on investments	1,250	By Audit fees	5,000
To Sale of furniture	5,000	By Closing balance
		Cash in hand	3,000

How will the following appear in the final account of a club for the year 2017-2018?

Particulars	Rs
Prize fund on 1.4.2017	50,000
Prize fund investment on 1.4.2017	50,000
Interest received on prize fund investment	5,000
Prizes distributed	6,000
Donation received for prize fund	10,000

Visit QB365-SLMS - https://www.qb365.in/slms/

Answers Key:

Generic 5

5 x 5 = 25

In the books of clean Delhi club Income and Expenditure Dr Account for the year ending March 31^st, 2017 Cr
Expenditure	Rs.	Income	Rs.
To Salary	1,500	By Subscriptions	22,500
To Rent	800	By Entrance fees	1,250
To Electricity	3,500	By Donation	2,500
To Printing & Stationery	380
To Surplus
(Excess of income over
expenditure)
	27,000		27,000

Dr Income and Expenditure Account for the year ending on March 31, 2015Cr
Income	Rs.	Rs.
By Subscriptions
received for 2014-15	30,000
Add: Outstanding for
2014-15	17,000
Add;	47,000
Received in advance
For 2014-15
	4,000	51,000

Balance sheet as on March31,2015
Liabilities	Rs	Asets	Rs	Rs
Subscription received in		Subscription
advance for 2014-15	5,000	outstanding
		2013-14	1,500
		2014-15	17,000	18,500

Balance sheet as on 31^st March 20
Liabilities	Rs	Assets	Rs
(balancing figure)	43,550	Cash in hand	19,550
(balancing figure)		Subscription outstanding	2,000
		Furniture	15,000
		Books	7,000
	43,550		43,550

Dr Income and Expenditure Account for the year ended 31^stMarch 2 Cr
Expenditure	Rs.	Rs.	Income	Rs.	Rs.
To Salary	3,000		By Subscriptions	26,500
Add: Outstanding	600	3,600	Add: Outstanding for 2015-16	1,700	28,200
To Newspapers		2,050	By Sale of old newspaper		1,250
To Rent		6,800	By Interest on fixed deposit	450
Add: Outstanding	1,200	8,000	Add: Accrued interest	900	1,350
To Loss on sale of
furniture (7000 - 5700)		1,300
To Surplus		24,850
(Excess of income over
expenditure)
		40,800			40,800

Balance sheet as on 31^st March, 2016
Liabilities	Rs.	Rs.	Assets	Rs.	Rs.
Salary outstanding		600	Cash in hand		11,200
Rent outstanding		1,200	Subscription outstanding
Subscription			for 2014 - 15	800
received in advance		500	(2000 - 1200)
Capital fund	43,550		for 2015 - 16	1,700	2,500
Add: Surplus	24850	68,400	Fixed depo		20,000
			Accrued interest on fixed
			deposit		900
			Furniture (15000-7000 + 10,500		18,500
			Books (7,000 + 10,600		17,600
		70,700			70,700

Dr In the books of Trichy Rotary club Income and Expenditure Account for the year ended 31^st March, 201 Cr
Expenditure	Rs	Income	Rs
To Rent	2,800	By Dividend received	27,600
To Secretary's honorarium	15,000	By Sale of old newspaper	3,000
To Postage	1,700	By Member's subscription	31,000
To General Expenses	4,350	By Locker rent	8,000
To Printing and stationery	45,000	By Interest on investment
To Audit fees	5,000	By Profit on sale of
		furniture (5000-4000)
		By Deficit (excess of
		expenditure over income)
	73,850		73,850

Balance sheet as on 31^st March, 2018
Liabilities	Rs	Rs	Assets	Rs
Prize find	50,000		Prize fund investment	50,000
Add :
interest received on prize
fund investment	5,000
Add:
Donation for prize fund	10,000
	65,000
Less:
Prizes distributed
	6,000
		59,000

12th Standard Syllabus & Materials

NEW

12th Standard

TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set B

NEW

12th Standard

TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set A

NEW

12th Standard

TN 12th Standard Physics Wave Optics Creative Questions Study Material - QB365 Set D

NEW

12th Standard

TN 12th Standard Physics Wave Optics Creative Questions Study Material - QB365 Set C

NEW MCQ Practice Test - Tamilnadu Stateboard Class 12

Accountancy Tamilnadu Stateboard Class 12 MCQ Practice Test

Start Test

Practice More MCQs

Accountancy Tamilnadu Stateboard Class 12 MCQ Practice Tests

Tamilnadu Stateboard Class 12 MCQ Practice Test

Start Test

Practice More MCQs

Tamilnadu Stateboard Class 12 MCQ Practice Tests

12th Standard Study Materials

Books

Syllabus

Exam Pattern

Sample Question Papers

Previous Year Question Papers

Important Notes

MCQ Practice test

Map Questions

Book back Questions

Creative Questions

Important Questions And Answers

Assertion and Reason

Tamilnadu Stateboard Standards

12th Standard

11th Standard

9th Standard

6th Standard

10th Standard

7th Standard

8th Standard

12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Creative 5 Mark Questions with Solution Part - I updated Creative Questions | QB365