NOT FOR PROFIT ORGANISATION

What is the main source of income of NPO?

• giving prizes

• giving services

• making profit

• all of the above

NPO are setup as:

• charitable trust

• business

• building

• none of the above

NPO have separate entity

• yes

• no

which type of transection records in receipt and payment account

• cash receipt and cash payment

• short term non cash transection

• long term non cash transection

• all of the above

receipt and payment account is similar to :

• profit and loss account

• capital account

• cash account

• none of these

nature of items record in income and expenditure account is:

• capital nature

• revenue nature

• both A and B

• none of these

subscription received during the year will be record :

• not record

• in balance sheet

• debit side of income and expenditure account

• credit side of income and expenditure account

Nature of life membership fee is:

• revenue receipt

• capital receipt

• income

• none of these

The income of NPO are divide between its member

• true

• false

Types of donations are;

• specific donation

• general donation

• credit donation

• donation have no types