Advertisements
Advertisements
प्रश्न
Give four examples for capital receipts of the not-for-profit organisation.
Advertisements
उत्तर
- Life membership fees
- Legacies
- Specific donation
- Sale of fixed assets
APPEARS IN
संबंधित प्रश्न
State whether the following statement is True or False.
There is no difference between Receipts and Payment Account and Income and Expenditure Account.
State whether the following statement is True or False with reasons.
Receipts and Payments Accounts do not have any opening balance.
Credit side of receipts and payments account shows cash ______.
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.
Amount received from 'Special Contribution for Silver Jubilee' by a club should be treated as:
Pick the odd one out:
Receipts and Payments Account is a summary of ______.
Subscription received by a school for organising annual function is treated as ______.
As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received were ₹ 4,00,000.
| ₹ | |
| Subscriptions outstanding on 1.4.2020 | 1,00,000 |
| Subscriptions outstanding on 31.3.2021 | 70,000 |
| Subscriptions received in advance on 1.4.2020 | 50,000 |
| Subscriptions received in advance on 31.3.2021 | 80,000 |
Calculate the amount of subscriptions to be shown in Income and Expenditure Account for the year ended 31st March, 2021 as income from subscription.
Mumbai University prepares ______ Account instead of a Profit and Loss account.
