12th Accountancy Chapter 2 Online Test | Accounts of Not-For-Profit Organisation

12th Accountancy Chapter 2 Online Test | Accounts of Not-For-Profit Organisation

12th Accountancy All Chapter Online Test Both Tamil medium and English Medium Available our samacheer guide online website .

Chapter 2 Accounts of Not-For-Profit Organisation Online Test



1➤ Receipts and payments account is a ……………

2➤ Receipts and payments account records receipts and payments of …………….

3➤ Balance of receipts and payments account indicates the …………….

4➤ Income and expenditure account is a …………….

5➤ Income and Expenditure Account is prepared to find out …………….

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

7➤ Subscription due but not received for the current year is ……………

8➤ Legacy is a …………….

9➤ Donations received for a specific purpose is …………….

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 expenditure account,

11➤ Assertion : Life Membership Fee: Amount received towards life membership fee from the members is a capital receipt. Reason : It is non – recurring nature.

12➤ State the nature of Life membership subscription.

13➤ State the primary motive of not-for-profit organisation?

14➤ On which basis Receipt and Payment Account is prepared?

15➤ Classify the subscription received during the year of not-for-profit organisation.

16➤ State the nature of Receipt and Payment A/c for not-for-profit organisation.

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