NPO Quiz

NPO Quiz

Professional Development

15 Qs

quiz-placeholder

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NPO Quiz

NPO Quiz

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Medium

Created by

Abhijit Sengupta

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 2 pts

  1. Scholarship granted to students out of specific funds provided by Government will be debited to

  1. Income and Expenditure Account.

  1. Receipts and payments Account.

  1. Funds granted for Scholarship account.

Cash/Bank A/c

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. In case of NPO, excess of total assets over liabilities is known as

Profits

Surplus

Capital Fund

Accumulated Fund

3.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

Debit balance in Receipts & Payment A/c represents Deficit. True or False

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

SUBSCRIPTION OF 21-22 RECEIVED IN 22-23 WILL BE

Debited to Receipts & Payments A/c in 21-22

Credited to Receipts & Payments A/c in 21-22

Debited to Receipts & Payments A/c in 22-23

Credited to Receipts & Payments A/c in 22-23

5.

MULTIPLE CHOICE QUESTION

1 min • 3 pts

SUBSCRIPTION RECEIVED IN 22-23:

OF 21-22: RS. 40,000

OF 22-23: RS. 3,10,000

OF 23-24: RS. 15,000

IN RECEIPTS AND PAYMENTS A/C OF 22-23:

3,65,000

3,50,000

3,10,000

3,25,000

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

SUBSCRIPTION OF 22-23 RECEIVED IN 21-22 WILL BE

Debited to Income & Expenditure A/c in 21-22

Credited to Income & Expenditure A/c in 21-22

Debited to Income & Expenditure A/c in 22-23

Credited to Income & Expenditure A/c in 22-23

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

SUBSCRIPTION OF 22-23 RECEIVED IN 21-22. IN BALANCE SHEET THIS WILL BE SHOWN AS

ASSET IN 21-22

LIABILITY IN 21-22

ASSET IN 22-23

LIABILITY IN 22-23

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