CATEGORIES

Note* : We need your help, to provide better service of MCQ's, So please have a minute and type the question on which you want MCQ's to be filled in our MCQ Bank

Npo MCQ's

Which of the following is an example of not-profit-organisation

S NPO

Public hospitals

Corporations

Audit firm

Insurance companies

Show Answer

< 100000 received as annual subscription. Out of this < 20000 is of pervious year whereas < 10000 is receivable at the end of the current year. Amount of subscription that will be show in income and expenditure account will be

S NPO

Public hospitals

Corporations

Audit firm

Insurance companies

Show Answer

Surplus of Not-for-Profit organisations

S NPO

Distributed among the members

Is not distributed among the members

May be or May not be distributed among the members

Is debited to General fund

Show Answer

If Life Membership fees of <5000 wrongly treated as revenue receipt then effect of this error on surplus and closing balance of capital fund will be

S NPO

Capital fund increased and surplus increased by < 5000

Capita fund decreased and surplus increased by < 5000

No effect on capital fund but surplus increased by < 5000

Capital fund decreased by <5000 but no effect on surplus

Show Answer

Income and Expenditure Account is based on

S NPO

Capital fund increased and surplus increased by < 5000

Capita fund decreased and surplus increased by < 5000

No effect on capital fund but surplus increased by < 5000

Capital fund decreased by <5000 but no effect on surplus

Show Answer

Delhi cricket club gives the following information. Opening Stadium Fund is <10, 00,000. Donation for Stadium fund received during the year Rs.500000. Income from Stadium Fund Investment Rs.100000. Amount spent during the year on construction of stadium is Rs.600000. Identify which of the following statement is correct in respect to preparation of Balance sheet.

S NPO

Rs.600000 shown on the asset side of the Balance sheet.

Rs.600000 shown on the asset side of the Balance sheet Also Rs.600000 is transferred to the credit of Income and Expenditure account,

Mixed Basis of Accounting.

Management Accounting.

Show Answer

Subscriptions received during the year Rs.5,000,amount received in advance for the next year is Rs.300. Amount outstanding for current year was Rs.400. The amount to be credited to the Income and Expenditure account is

S NPO

Rs.600000 shown on the asset side of the Balance sheet.

Rs.600000 shown on the asset side of the Balance sheet Also Rs.600000 is transferred to the credit of Income and Expenditure account,

Rs.600000 shown on the asset side of the Balance sheet Also Rs.600000 is transferred from Stadium fund to General fund in the Balance sheet.

Rs.600000 is shown as an expense in the Income and Expenditure account and Rs.600000 is transferred to the credit pf Income and Expenditure account from Stadium fund

Show Answer

Subscription received during the year Rs.50, 000.

S NPO

4,000

5100

4200

4600

Show Answer

When the Tournament Expenses incurred are more than the Tournament Fund, then the excess amount is excess amount is

S NPO

Debited to Income and Expenditure account

64,000

52,000

36,000

Show Answer

Which of the following is prepared to find out the income of a trading concern?

S NPO

Receipts and Payments a/c

Income and Expenditure a/c

Shown on the Asset side of Balance sheet

Credited to Income and Expenditure Account

Show Answer

Tags:
Question and answers in NPO, NPO multiple choice questions and answers, npo Important MCQs, Solved MCQs for npo, npo MCQs with answers PDF download

Npo MCQ's

Latest Updates

Call us

Mail us

Useful Links

Request a Call / Mail ?