
NPO Fund Based Accounting
Authored by geet s
Business
12th Grade
Used 24+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fund means amount received or set aside out of ---------- for a specific purpose
Surplus
Deficit
both
none
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Capital fund is --------- fund
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Prize fund is restricted fund.
true
false
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Scholarship granted to students out of funds provided by government will be debited to Income & Expenditure A/c
True
False
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Prize fund Investment are shown on the ---------- side of the balance sheet
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When Tournament expense incurred are more than the Tournament fund, then the excess amount is:
debited to income & expenditure a/c
credited to tournament fund
shown on the asset side of balance sheet
credited to income & expenditure a/c
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Given -Match expenses Rs. 10,000; proceeds form sale of match tickets Rs. 16,000; Where these items are treated and how?
6,000 in dr. side of I&E A/c
6,000 in cr. side of I&E A/c
6,000 in assets side of balance sheet
6,000 in liabilities side of balance sheet
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