Tag: financial accounting and reporting
Questions Related to financial accounting and reporting
Given : Stock of stationery on Jan. 1, 2015 Rs 400
Stock of stationery on Dec. 31, 2015 Rs 100
Payment for stationery during 2015 Rs 1,200
Creditors for stationery on Dec. 31, 2015 Rs 150.
What is the amount of stationery that will be posted to the Income and Expenditure A/c for the year ending Dec. 31, 2015?
Subscription is paid___________.
Any donation received for a specific purpose is a ___________.
In case a sports fund is kept, expenses on account of sports events should be ____________.
What is Subscription?
According to sub-section 2 of Section 182 of the Companies Act 2013, which of the following is regarded as contribution for political purpose?
Which of the following consisting the final account of a non-profit organization_____________.
Entrance fee of Rs. 20,000 received by a club is a _____________.
Statement I: Receipt & Payment A/c starts with the opening balance of cash in hand and at bank.
Statement II: Income & Expenditure A/c have no opening balance.
Select the correct answer the options given below.
An advance receipt of subscription from a member of the non profit organization is considered as a/an _______________.