Npo

Which type of accounts is income and expenditure?

• Nominal

• Real

• Personal

• None of these

Which type of account is reciept and payment account?

• Nominal

• Real

• Personal

• None of these

Not for profit organisations prepare

• Income and expenditure accounts

• Trading accounts

• Profit and loss accounts

• None of these

Receipts and payments accounts is summary of......

• Cash receipts and payments

• Income and expenditure

• Assets and liabilities

• Balance of ledger

Subscription received in advance by club are shown ....

• Credit side of income and expenditure

• Assets side

• Liability side

• Payments side

Donations received for special purpose is a

• Liability

• Assets

• Income

• Expenditure

Fund accounting appears in

• income of organisations

• Expenditure of organisations

• Assets

• Liability

what is NPO

• Earns profit

• Not earn profit

• Don’t know

• None of these

Record capital expenditures in

• Income and expenditure accounts

• Balance sheets

• P/L account

• None of these

Unearned incomes record in .......

• Liabilities side

• Assets side

• Income side

• Expenditure side