Tag: accounts of 'not for profit' concerns
Questions Related to accounts of 'not for profit' concerns
Specific donations received will appear on ____________.
Rs. 1,00,000 received as the annual membership subscription. Out of this Rs. 20,000 is pertaining to the previous accounting period, whereas Rs. 10,000 is receivable at the end of the current accounting period. Calculate the amount of subscription that will be shown in the income and expenditure account for this accounting year.
Given : Stock of stationery on Jan. 1, 2015 Rs 200; payments for stationery during 2015 Rs 1,000; and stock of stationery on Dec. 31, 2015 Rs 50.
What will be the amount posted to Income and Expenditure A/c for the year ending Dec. 31, 2015?
Income and Expenditure Account records income and expenditure item of ____________________.
The income and expenditure account is prepared on the basis of __________ system of accounting.
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?