MCQ Quiz- Part 1
 This quiz will help you prepare for Unit 1 of class XII Accountancy :Financial Statements of Not-for-Profit Organizations . This is Part 1 of quiz .
There are 10 questions . You have to attempt all questions.
You can check your score after attempting quiz and can also see  the correct and wrong answers with explanation.
You can attempt this quiz any number of time but the question and choices order will shuffle .
All the best . Do try Part 2 of MCQ also.
Sign in to Google to save your progress. Learn more
Non-for-profit organizations prepare all of the following accounts except the *
1 point
Which of the following is to be recorded in an income and expenditure account? *
1 point
Which of the following is generally considered as a non -for -profit  organization? *
1 point
Income and expenditure account is based on *
1 point
The receipts and payments account of a non-for -profit organization is a *
1 point
The amount or property received by a non- for -profit organization as stated by the will of a deceased person is commonly referred to as *
1 point
Life membership fee received by an institution is a ......... receipt. *
1 point
Rupees 10,000 received as the annual membership subscription. Out of this,Rupees 2000 is pertaining to the previous accounting period whereas Rupees 1000 is receivable at the end of the current accounting period. the  subscription that will be shown in the income and expenditure account will be Rupees *
1 point
If the Debit side of  of Income & Expenditure side is more than credit side it is *
1 point
Subscription received but not yet earned is considered as a/an *
1 point
Submit
Clear form
This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy
Google Forms