WorksheetsNPO 2
Total questions: 10
Worksheet time: 10mins
Identify the capital receipt from the following
Life membership face
Rent receipt
Entrance fees
Sports expenses
General donation received by NPO is shown in the
Credit side of income and expenditure account
Debit side of income and expenditure account
Liabilities side of balance sheet
Asset side of balance sheet
Specific donation received by NPO is shown in the
Credit side of income and expenditure account
Debit side of income and expenditure account
Liabilities side of balance sheet
As is decided by the management
Income and expenditure account is a
Real account
Nominal account
Personal account
Valuation account
Receipts and payments account is a
Real account
Nominal account
Personal account
Revenue account
Identify the item which is not shown under receipts and payments account in case of NPO
Salaries
Rent
Depreciation
Honorarium
Choose NPO from the following
Reliance industries limited
Indian hockey federation
Infosys limited
Private hospital
Furniture as on 31st March 2019 Rs. 4,40,000. Furniture (having book value as on 1st April 2018 of Rs. 40,000) sold at a loss of 20% on 31st December 2018. Furniture is depreciated @ 10% p.a. Furniture costing Rs. 3,00,000 was also purchased on 1st October 2018. Calculate loss on sale of furniture
Rs. 9,400
Rs. 6,400
Rs. 8,000
Rs. 7,400
Subscriptions received in advance by a club are shown
In the credit side of the income and expenditure account
In the asset side of the balance sheet
In the liabilities side of the balance sheet
In the payment side of receipt and payment account
Subscription received during the year 2019-20 is Rs. 1,50,000. Outstanding subscription as on 31st March 2019 is Rs. 1,00,000. The amount shown as subscription receipt will be
Rs. 50,000
Rs. 1,50,000
Rs. 1,00,000
Rs. 1,25,000
