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12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 2 Mark Questions with Solution Part - I Question Bank Software Jun-02 , 2021

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12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 2 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Accounts of Not-For-Profit Organisation Book Back 2 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10

    Part I

    5 x 2 = 10

  1. Write a short note on life membership fees.

  2. Give four examples for revenue receipts of not–for–profit organisation.

  3. Compute income from subscription for the year 2018 from the following particulars relating to a club

    Particulars 1.1.2018
    Rs.    		 31.12.2018
    Rs.
    Outstanding subscription 3,000 5,000
    Subscription received in advance 4,000 7,000

    Subscription received during the year 2018: Rs.45,000.

  4. Show how the following items appear in the income and expenditure account of Sirkazhi Singers Association?

      Rs.
    Stock of stationery on 1.4.2018 2,600
    Purchase of stationery during the year 6,500
    Stock of stationery on 31.3.2018 2,200

  5. Compute capital fund of Salem Sports Club as on 1.4.2019.

    Particulars Rs. Particulars Rs.
    Sports equipment 30,000 Prize fund 10,000
    Computer 25,000 Prize fund investments 10,000
    Subscription outstanding for 2018-19 5,000 Cash in hand 7,000
    Subscription received in advance for
    2019-20    		 8,000 Cash at bank 21,000

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