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Updated 12th Standard Accountancy Study Materials 2022-2023 Exams

12th Standard Accountancy English Medium - Accounts of Not-For-Profit Organisation 2 Mark Creative Question Paper and Answer Key 2022 - 2023 Study Materials Aug-30 , 2022

QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Accountancy Subject - Accounts of Not-For-Profit Organisation, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.

12th Standard Accountancy English Medium - Accounts of Not-For-Profit Organisation 2 Mark Creative Question Paper and Answer Key 2022 - 2023

Accountancy - Accounts of Not-For-Profit Organisation 2 Mark Creative Question Paper With Answer Key

12th Standard

    Reg.No. :
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Accountancy

Time : 02:00:00 Hrs
Total Marks : 30

    2 Marks

    15 x 2 = 30

  1. What are the features of not-for-profit organizations?

  2. Explain the steps in preparations of receipts and payments account.

  3. Write a note on Donations

  4. Can the balance in receipts and payments account be treated as income of the period? If it shows credit balance  what does it mean?

  5. Every receipt and Payments, whether capital or revenue and irrespective of the period is recorded in receipts and payments accounts why? Give reason.

  6. Income and expenditure account of a not-for-profit organization is akin to profit and loss account of a business concern. Explain the statement.

  7. Distinguish between income and expenditure account and profit and loss account

  8. Whatt are the feature s of not-for-profit organisation?

  9. What is treatment of "Donation" in Non-profit Organisation?

  10. What is meant by "Endowment Fund"?

  11. What is the treatment of "Entrance fees" in Not-for profit organisation?

  12. What is meant by "Honorarium"?

  13. Give the short note on "Capital Fund".

  14. How to prepare Receipt and Payment from Income and Expenditure Account & Balance sheet?

  15. How will the following appear in the final Accounts?

    Stock of sports material 1.1.2018 6,000
    Sport materials Purchased during the year 17,000
    Stock of sport materials 31.12.2018 1,200

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