New ! Accountancy MCQ Practise Tests



  1. Home
  2. 12th Standard
  3. Accountancy
  4. 12th Standard Accountancy English Medium - Accounts of Not-For-Profit Organisation 5 Mark Book Back Question Paper and Answer Key 2022 - 2023

Updated 12th Standard Accountancy Study Materials 2022-2023 Exams

12th Standard Accountancy English Medium - Accounts of Not-For-Profit Organisation 5 Mark Book Back Question Paper and Answer Key 2022 - 2023 Study Materials Aug-30 , 2022

QB365 provides a detailed and simple solution for every Possible Book Back 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 5 Mark Book Back Question Paper and Answer Key 2022 - 2023

Accountancy - Accounts of Not-For-Profit Organisation 5 Mark Book Back Question Paper With Answer Key

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Accountancy

Time : 03:00:00 Hrs
Total Marks : 110

    5 Marks

    22 x 5 = 110

  1. From the following particulars of Chennai Sports Club, prepare Receipts and Payments account for the year ended 31st March, 2018.

    Particulars Rs. Particulars Rs. Rs.
    Opening cash balance as on 1.4.2017 10,000 Subscriptions received    
    Opening bank balance as on 1.4.2017 15,000 2016 – 2017 4,500  
    Interest paid 5,000 2017 – 2018 65,000  
    Depreciation 7,000 2018 – 2019 5,000 74,500
    Upkeep of grounds 22,500 Tournament expenses   12,500
    Life membership fees received 5,500 Tournament fund receipts   15,000
    Bats and balls purchased 13,000 Closing balance of cash
    (31.3.2018)    		   5,000

  2. From the following particulars of Poompuhar Literary Association, prepare Receipts and Payments account for the year ended 31st March, 2019.

    Particulars Rs. Particulars Rs.
    Opening cash in hand as on 1.4.2018 5,000 Subscriptions received 20,000
    Bank overdraft as on 1.4.2018 4,000 Repairs and renewals 2,500
    Printing and stationery 1,500 Conveyance paid 2,750
    Interest paid 3,250 Books purchased 10,000
    Sale of investments 1,000 Insurance premium paid 4,000
    Purchase of refreshments 1,500 Sundry receipts 750
    Outstanding salary 2,000 Government grants received 6,000
    Endowment fund receipts 2,000 Sale of refreshments 1,500
    Lighting charges 1,300 Depreciation on buildings 2,000
        Cash at bank on 31.03.2019 2,000

  3. From the following particulars of Vellore Recreation Club, prepare Receipts and Payments account for the year ended 31st March, 2017.

    Particulars Rs. Particulars Rs.
    Opening cash balance as on 1.4.2016 3,000 Receipts from entertainment 20,000
    Opening bank balance as on 1.4.2016 12,000 Admission fees received 1,000
    Furniture purchased 11,000 Municipal taxes 22,000
    Sports equipment purchased 11,000 Expenses of charity show 2,000
    Donation received for pavilion 8,000 Billiards table purchased 15,000
    Sale of old tennis balls 1,500 Construction of new tennis court 18,000
    Newspapers bought 500 Receipts from charity show 2,500
    Travelling expenses 4,500 Closing balance of cash in hand 8,000

  4. From the following Receipts and Payment Account of Trichy Recreation Club, prepare Income and Expenditure Account for the year ended 31.03.2018.d

    Receipts Rs. Payments Rs.
    To Opening balance   By Furniture purchased 10,000
    Cash in hand 11,000 By Rent 2,800
    To Dividend received 27,600 By Secretary's honorarium 15,000
    To Sale of old newspaper 3,000 By Postage 1,700
    To Members’ 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  
    (Book value Rs. 4,400)   Cash in hand 3,000
      86,850   86,850

  5. Compute capital fund of Karur Social Club as on 31.03.2018

    Particulars as on 31.03.2018 Rs.
    Furniture 50,000
    Buildings 40,000
    Subscription outstanding for 2017-18 10,000
    Subscription received in advance for 2018-19 5,000
    Loan borrowed 10,000
    Investments 20,000
    Cash in hand 4,000
    Cash at bank 6,000

  6. From the following Receipts and Payments Account of Friends Football club, for the year ending 31st March, 2017, prepare Income and Expenditure Account for the year ending 31st March, 2017 and the Balance sheet as on that date.
    In the books of Friends Football Club

    Dr. Receipts and Payments Account for the year ended 31st March, 2017 Cr.
    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d     By Furniture     7,000
    Cash 1,000   By Sports materials purchased   800
    Bank 10,000 11,000 By Special dinner expenses   1,500
    To Subscriptions   5,000 By Electricity charges   900
    To Legacies   6,000 By Balance c/d    
    To Collection for special     Cash in hand 1,800  
    dinner   2,000 Cash at bank 12,000 13,800
        24,000     24,000

    Additional information:
    (i) The club had furniture of Rs. 12,000 on 1st April 2016. Ignore depreciation on furniture.
    (ii) Subscription outstanding for 2016 - 2017 Rs. 600.
    (iii) Stock of sports materials on 31.03.2017 Rs. 100.
    (iv) Capital fund as on 1st April 2016 was Rs. 23,000.

  7. Following is the Receipts and Payments Account of Salem Recreation Club for the year ended 31st March, 2019
    In the books of Salem Recreation Club Receipts and Payments Account for the year ended 31st March, 2019

    Dr.                                                                                              Cr.
    Receipts Rs. Rs. Payments Rs.
    To Balance b/d:     By Furniture 15,000
    Cash in hand   9,000 By Stationery 2,400
    To Subscriptions     By Investment 12,500
    2018 – 2019 12,500   By Postage 1,000
    2019 – 2020 400 12,900 By Balance c/d:  
    To Proceeds from entertainment   12,000 Cash in hand 3,500
    To Sundry receipts   500    
        34,400   34,400

    Additional information:

    (i) There are 450 members each paying annual subscription of Rs. 30.
    (ii) Stock of stationery on 31st March, 2018 Rs. 300 and on March 31, 2019 Rs. 500.
    (iii) Capital fund as on 1st April 2018 was Rs. 9,300.
    Prepare income and expenditure account for the year ended 31st March, 2019 and the balance sheet as on that date.

  8. From the following Receipts and Payments account of Coimbatore Cricket Club for the year ending 31st March 2016, prepare income and expenditure account for the year ending 31st March, 2016 and a balance sheet as on that date.

    In the books of Coimbatore Cricket Club Receipts and Payments Account for the year ending 31st March, 2016
    Receipts Rs. Payments Rs.
    To Balance b/d:   By Maintenance 5,000
    Cash at bank 8,000 By Furniture 15,000
    To Subscriptions 11,000 By Tournament expenses 1,400
    To Sale of old bats and balls 100 By Secretary’s honorarium 4,500
    To Subscription for tournament 2,000 By Bats and balls 7,400
    To Legacies 20,000 By Balance c/d:  
        Cash at bank 7,800
      41,100   41,100

    Additional information:
    On 1st April, 2015 the club had stock of balls and bats Rs. 3,000 and an advance subscription of Rs. 500. Surplus on account of tournament should be kept in reserve for permanent pavilion.Subscription due on 31.03.2016 was Rs. 2,000. Stock of bats and balls on 31.3.2016 was Rs. 1,000.

  9. The following is the summary of cash transactions of Delhi Literary Club for the year ending 31st March, 2019

    Delhi Literary Club Receipts and Payments Account for the year ending 31st March, 2019
    Receipts Rs. Payments Rs.
    To Balance b/d   By Rents and Rates 21,000
    Cash in hand 3,200 By Lecture fees 4,500
    To Entrance fees 2,300 By Sundry expenses 7,200
    To Subscriptions 46,000 By Fixed deposit 40,000
    To Life membership fees 2,500 By Balance c/d  
    To Interest received on fixed deposit 500 Cash in hand 4,300
    To Sale of furniture (on 1.4.2018) 22,500    
    (Book value Rs.25,000)      
      77,000   77,000

     

    Additional information
    (a) At the beginning of the year the club possessed books worth Rs. 20,000 and furniture worth Rs. 40,000.
    (b) Subscription received in advance during the current year amounted to Rs. 1,000. Prepare Income and Expenditure account of the club for the year ending 31st March, 2019 and the Balance sheet as on that date

  10. The following is the Receipts and Payments account of Madurai City Club for the year ending 31st March, 2018.

    Madurai City Club
    Dr. Receipts and Payments Account for the year ended 31st March, 2018 Cr
    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d:     By Upkeep of ground   16,500
    Cash 500   By Match expenses   19,000
    Bank 7,000 7,500 By Sundry expenses   11,000
    To Subscription (including          
    Rs. 4,000 for 2016-2017)    30,000 By Balance c/d:    
    To Legacies   9,000 Cash in hand 1,500  
    To Hall rent   10,000 Cash at bank 11,000 12,500
    To Receipts for match fund   22,500      
        79,000     79,000

    Additional information:
    On 1st April, 2017, the club had investment of Rs. 40,000. The club also had a credit balance of Rs. 30,000 in Match fund account. On 31st March, 2017 subscriptions in arrears were Rs. 4,000and the subscriptions in arrears on 31st March, 2018 were Rs. 4,500. Prepare the final accounts.

  11. State the differences between Receipts and Payments Account and Income and Expenditure Account

  12. From the information given below, prepare Receipts and Payments account of Coimbatore Cricket Club for the year ending 31st March, 2019.

    Particulars Rs. Rs. Particulars Rs.
    Bank overdraft (1.4.2018   6,000 Honorarium paid 2,800
    Cash in hand (1.4.2018)   1,000 1,000 700
    Wages paid for ground maintenance   2,000 Match expenses 2,600
    Subscription received:     Sports material purchased 1,900
    Previous year 500   Match fund receipts 5,200
    Current year 9,600   Legacies received 2,000
    Subsequent year 400 10,500 Cash balance (31.03.2019) 300
    Wages yet to be paid   2,200 Donation received for pavilion 2,000
    Interest on loan paid   2,000    

  13. From the information given below, prepare Receipts and Payments account of Madurai Mother Theresa Mahalir Mandram for the year ended 31st December, 2018

    Particulars Rs. Particulars Rs.
    Cash balance as on 1.1.2018 2,000 Fire Insurance premium paid 1,500
    Bank balance as on 1.1.2018 3,000 Subscription received 8,500
    Sale of old newspapers 500 Furniture purchased 6,000
    Stationery purchased 6,000 Purchase of newspapers 700
    Audit fees paid 2,000 Depreciation on furniture 900
    Entrance fees received 3,000 Cash balance as on 31.12.2018 2,500
    Sundry charges 6,000 Conveyance paid 1,000
    Scholarships given 2,000 Sale of furniture 4,000
    Interest on investments 2,000    

  14. Mayiladuthurai Recreation Club gives you the following details. Prepare Receipts and Payments account for the year ended 31st March, 2019.

    Particulars Rs. Particulars Rs.
    Opening cash balance 15,000 Salary of watchman 12,000
    Opening bank balance 25,000 Club annual day expenses 15,000
    Donations received 48,000 Lighting charges 16,500
    Sale of old equipment 26,000 Entertainment expenses 13,500
    Refreshment charges 13,000 Billiards table purchased 5,000
    Club annual day collections 18,000 Expenses of charity show 3,000
    Construction of tennis court 7,000 Sale of investments 12,000
    Receipts from charity show 4,000 Closing cash balance 12,000
    Rent paid 1,000    

  15. From the following information, prepare Receipts and Payments account of Cuddalore Kabaddi Association for the year ended 31st March, 2019

    Particulars Rs. Particulars Rs.
    Opening cash balance (1.4.2018) 11,000 Interest and bank charges 250
    Bank overdraft balance (1.4.2018) 20,000 Miscellaneous income 350
    Stationery purchased 5,200 Upkeep of ground 550
    Travelling expenses 1,800 Grant from Government 12,000
    Dividend received 3,000 Telephone charges paid 2,800
    General expenses 500 Endowment fund receipts 10,000
    Admission fees 4,000 Insurance premium paid 2,000
    Courier charges 2,000 Electricity charges paid 5,000
    Municipal taxes paid 3,000 Closing cash balance (31.03.2019) 1,750

  16. From the following receipts and payments account of Tenkasi Thiruvalluvar Manram, prepare income and expenditure account for the year ended 31st March, 2019.

    Receipts Rs. Payments Rs.
    To Balance b/d   By Salaries 20,000
    Cash in hand 14,000 By Rent 24,000
    To Interest received 5,000 By Travelling expenses 2,000
    To Subscription 55,000 By Printing and stationery 6,000
    To Legacies 48,000 By Investments made 50,000
    To Entrance fees 7,000 By Sports equipment purchased 33,000
    To Sale of furniture 16,000 By Balance c/d  
    (Book value: Rs.7,000)   Cash in hand 10,000
      1,45,000   1,45,000

  17. From the following receipts and payment account, prepare income and expenditure account of Kumbakonam Basket Ball Association for the year ended 31st March, 2018

    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d     By Rent of ground paid   12,000
    Cash in hand 23,000   By Printing charges   5,000
    To Rent of hall received 12,000 6,000 By Insurance for building   2,000
    To Subscription received   9,000 By Tournament expenses   16,000
    To Life membership fees   7,000 By Audit fees   3,000
    To Locker rent received   2,000 By Sports materials purchased   4,000
          By Balance c/d    
          Cash in hand 2,000  
          Cash at bank 14,000 16,000
        59,000     59,000

  18. From the following Receipts and Payment account and from the information given below of Ramanathapuram Sports Club, prepare Income and Expenditure account for the year ended 31st December, 2018 and the balance sheet as on that date.

    Receipts Rs. Rs. Payments Rs. Rs.
    To Balance b/d     By Rent   11,000
    Cash in hand 5,000   By Entertainment    
    Cash at bank 10,000 15,000 expenses   11,200
    To Subscription     By Furniture   10,000
    2017 12,000   By Sports materials    
    2018 33,000   purchased   13,000
    2019 16,000 61,000 By Match expenses   12,000
    To Entrance fees   6,000 By Investments made   28,000
    To General donations   7,000 By Balance c/d    
    To Sale of old sports     Cash in hand 1,300  
    materials   1,000 Cash at bank 4,000 5,300
    To Miscellaneous          
    receipts   500      
        90,500     90,500

    Additional information:
    (i) Capital fund as on 1st January 2018 Rs. 30,000.
    (ii) Opening stock of sports material Rs. 3,000 and closing stock of sports material Rs. 5,000.

  19. From the following Receipts and Payment account of Yercaud Youth Association, prepare Income and expenditure account for the year ended 31st March, 2019 and the balance sheet as on that date.

    Dr. Receipts and Payments Account for the year ended 31st March, 2019 Cr
    Receipts Rs. Payments Rs.
    To Balance b/d   By Salary 14,000
    Cash in hand 9,600 By Office expenses 7,200
    To Government grants   By Books purchased 15,000
    for purchase of books 10,000 By Stationery purchased 1,800
    To Subscription 24,800 By Newspaper purchased 2,100
    To Admission fees 2,000 By Prizes awarded 5,000
    To Prize fund receipts 6,000 By Balance c/d  
    To Bank interest 1,500 Cash in hand 9,900
    To Sale of newspapers 1,100    
      55,000   55,000

    Additional information:
    (i) Opening capital fund Rs. 20,000.
    (ii) Stock of books on 1.4.2018 Rs. 9,200.
    (iii) Subscription due but not received Rs. 1,700.
    (iv) Stock of stationery on 1.4.2018 Rs. 1,200 and stock of stationery on 31.3.2019, Rs. 2,000

  20. Following is the Receipts and Payments account of Neyveli Science Club for the year ended 31st December, 2018

    Dr. Receipts and Payments Account for the year ended 31st December, 2018 Cr
    Receipts Rs. Payments Rs. Rs.
    To Balance b/d   By Balance b/d    
    Cash in hand 2,400 Bank overdraft   1,000
    To Subscription 8,700 By Postage expenses   200
    To Life membership fees 5,000 By Science equipments    
    To Exhibition fund receipts 7,000 purchased   10,000
    To Sale of science   By Laboratory expenses   2,400
    equipments (Book value Rs.5,000) 6,000 By Audit fees   3,600
    To Miscellaneous income 500 By General charges   1,800
        By Exhibition expenses   5,000
        By Balance c/d    
        Cash in hand 200  
        Cash at bank 400 600
        Cash at bank 400 600
      29,600     29,600

    Additional information:
    (i) Opening capital fund Rs. 6,400
    (ii) Subscription includes Rs. 600 for the year 2019
    (iii) Science equipment as on 1.1.2018 Rs. 5,000
    (iv) Surplus on account of exhibition should be kept in reserve for new auditorium.
    Prepare income and expenditure account for the year ended 31st December, 2018 and the balance sheet as on that date

  21. From the following Receipts and Payments account of Sivakasi Pensioner’s Recreation Club, prepare income and expenditure account for the year ended 31st March, 2018.

    Dr. Receipts and Payments Account for the year ended 31st March, 2018 Cr
    Receipts Rs. Rs. Payments Rs.
    To balance b/d     By Rent and rates 18,000
    Cash in hand 10,000      
    Cash at bank 20,000 30,000 By Furniture purchased 12,000
    To Subscription     By Billiards table purchased 70,000
    2016 – 2017 5,000   By Repairs and renewals 16,000
    2017 – 2018 25,000   By Special dinner expenses 4,000
    2018 – 2019 6,000 36,000 By Sundry expenses 2,000
    To Legacies   40,000 By Balance c/d  
    To Rent from hall   14,000 Cash in hand 1,000
    To Collection for special dinner   12,000    
    To Balance c/d        
    Bank overdraft   3,000    
        1,40,000   1,40,000

    Additional information:
    (i) The club had 300 members each paying Rs.100 as annual subscription.
    (ii) The club had furniture Rs.10,000 on 1.4.2017.
    (iii) The subscription still due but not received for the year 2016 – 2017 is Rs. 1,000.

  22. Following is the Receipts and payments account of Virudhunagar Volleyball Association for the year ended 31st December, 2018

    Dr. Receipts and Payments Account for the year ended 31st December, 2018 Cr.
    Receipts Rs. Rs. Payments Rs. Rs.
    To balance b/d     By Match expenses   25,000
    Cash in hand   5,000 By Upkeep of pavilion   17,000
    To Subscription     By Secretary’s honorarium   18,000
    2017 10,000   By Bats and balls purchased   22,000
    2018 55,000   By Grass seeds   2,000
    2019 5,000 70,000 By Fixed deposit   58,000
    To Donations   40,000 By Sundry expenses    
    To Match fund receipts   30,000 By Balance c/d    
    To Interest on fixed deposit   8,000 Cash in hand 7,000  
    To Miscellaneous receipts   5,000 Cash at bank 6,000 13,000
        1,58,000     1,58,000

    Additional information:
    (i) On 1.1.2018, the association owned investments Rs. 10,000, premises and grounds Rs. 40,000, stock of bats and balls Rs. 5,000.
    (ii) Subscription Rs. 5,000 related to 2017 is still due.
    (iii) Subscription due for the year 2018,Rs. 6,000.
    Prepare income and expenditure account for the year ended 31st December, 2018 and the balance sheet as on that date

*****************************************

Reviews & Comments about 12th Standard Accountancy English Medium - Accounts of Not-For-Profit Organisation 5 Mark Book Back Question Paper and Answer Key 2022 - 2023

Write your Comment