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Published on: 06/11/2020
12th Standard Accounts - Accounts of Not-For-Profit Organisation English Medium Free Online Test One Mark Questions 2020 - 2021
Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Accountancy Test
1.
| List I | List II | ||
|---|---|---|---|
| (i) | Subscription | 1. | Revenue expenditure |
| (ii) | Life membership fee | 2. | Capital expenditure |
| (iii) | Honorarium | 3. | Capital receipts |
| (iv) | Purchase of sports equipment | 4. | Revenue receipts |
| (i) | (ii) | (iii) | (iv) |
|---|---|---|---|
| 1 | 2 | 3 | 4 |
| (i) | (ii) | (iii) | (iv) |
|---|---|---|---|
| 2 | 3 | 4 | 1 |
| (i) | (ii) | (iii) | (iv) |
|---|---|---|---|
| 1 | 4 | 2 | 1 |
| (i) | (ii) | (iii) | (iv) |
|---|---|---|---|
| 4 | 3 | 1 | 2 |
2.
_______is prepared to find out the surplus or deficit pertaining to a particular year.
Income and Expenditure account
Receipts and Payment account
Trading and Profit and loss account
Balance sheet
3.
Charitable institutions and educational institutions are the examples of ___________
profit organisation
not-for-profit organisation
both
none of these
4.
In non - profit organization, the sale of old newspapers is generally considered as an __________
Revenue receipt
Expenditure
Income
Capital receipt
5.
Rs. 10,000 received as to annual membership subscription. Out of this Rs. 2,000 is pertaining to the previous accounting period whereas Rs. 1000 is receivable at the end of the current accounting period. Calculate the amount of subscription that will be shown in the income and expenditure account for this accounting.
Rs. 10,000
Rs. 9,000
Rs. 12,000
Rs. 8,000
6.
Which of the following is to be recorded in an income and expenditure account?
Purchase of a fixed asset
Capital expenditure incurred on a fixed asset
Profit on the sale of a fixed asset
Sale of a fixed asset
7.
Donations received for a specific purpose is
Revenue receipt
Capital receipt
Revenue expenditure
Capital expenditure
8.
Subscription due but not received for the current year is
An asset
A liability
An expense
An item to be ignored
9.
Balance of receipts and payments account indicates the
Loss incurred during the period
Excess of income over expenditure of the period
Total cash payments during the period
Cash and bank balance as on the date
10.
Receipts and payments account is a
Nominal A/c
Real A/c
Personal A/c
Representative personal account
1.
(d)
| (i) | (ii) | (iii) | (iv) |
|---|---|---|---|
| 4 | 3 | 1 | 2 |
2.
(a)
Income and Expenditure account
3.
(b)
not-for-profit organisation
4.
(c)
Income
5.
(b)
Rs. 9,000
6.
(c)
Profit on the sale of a fixed asset
7.
(b)
Capital receipt
8.
(a)
An asset
9.
(d)
Cash and bank balance as on the date
10.
(b)
Real A/c
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Tamilnadu Stateboard 12th Standard Subjects
Maths
Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
French
Tamilnadu Stateboard Standards
