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प्रश्न
Give four examples for revenue receipts of the not-for-profit organisation.
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उत्तर
- Subscription
- Interest on investment
- Interest on fixed deposit
- Sale of old sports material
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संबंधित प्रश्न
State the meaning of Receipt and Payment Account.
Write the word/phrase/term, which can substitute the following sentence.
Accounts which records only cash transactions in case of Not for Profit Concern.
State whether the following statement is True or False with reasons.
Purchases of Sports Equipments is a Capital Expenditure.
Receipts and Payments Account falls under the category of _____ Account.
Give four examples for capital receipts of the not-for-profit organisation.
How would you treat the following item in the case of a 'not-for-profit' organization?
"Tournament Fund Rs.40.000. Tournament Expenses Rs.14.000. Receipts from Tournament Rs.16.000."
Consider the following statements,
Statement 1: "Receipt and Payment Account is a summary of all capital receipts and payments".
Statement 2: The Receipt and Payment Account is the summary of cash and bank transactions.
The nature of Receipts and Payments Account is ______.
Sports expenses ₹ 27,000 (excluding ₹ 7,000 unpaid expenses). The amount to be credited to Receipts and Payments Account will be:
Subscription received by a school for organising annual function is treated as ______.
