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HSC Commerce (English Medium) इयत्ता १२ वी - Maharashtra State Board Question Bank Solutions

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State whether the following statement is True or False.
There is no difference between Receipts and Payment Account and Income and Expenditure Account.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

Donation for Scholarship Fund is ______.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

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Donation for Scholarship Fund is ______.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

The closing balance of Receipts and Payments account usually represent _______.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

The closing balance of Receipts and Payments account usually represent _______.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

Write the word/phrase/term, which can substitute the following sentence.

The receipts which are not recurring in nature.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

Write the word/phrase/term, which can substitute the following sentence.

The receipts which are not recurring in nature.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

Write the word/phrase/term, which can substitute the following sentence.

Accounts which records only cash transactions in case of Not for Profit Concern.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

Write the word/phrase/term, which can substitute the following sentence.

Accounts which records only cash transactions in case of Not for Profit Concern.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

Write the word/phrase/term, which can substitute the following sentence.

All such receipts which are non-recurring in nature and not forming a part a regular flow of income.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

Write the word/phrase/term, which can substitute the following sentence.

All such receipts which are non-recurring in nature and not forming a part a regular flow of income.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

There is no difference between Receipts and Payments Account and Income and Expenditure Account.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

There is no difference between Receipts and Payments Account and Income and Expenditure Account.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

Receipts and Payments Accounts do not have any opening balance.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

Receipts and Payments Accounts do not have any opening balance.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

Purchases of Sports Equipments is a Capital Expenditure.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

Purchases of Sports Equipments is a Capital Expenditure.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

Receipts and Payments Account contains only the transactions relating to the current year.

[5] Accounts of “Not for Profit” concerns
Chapter: [5] Accounts of “Not for Profit” concerns
Concept: undefined >> undefined

State whether the following statement is True or False with reasons.

Receipts and Payments Account contains only the transactions relating to the current year.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined

Receipts and Payments Account falls under the category of _____ Account.

[2] Accounts of ‘Not for Profit’ Concerns
Chapter: [2] Accounts of ‘Not for Profit’ Concerns
Concept: undefined >> undefined
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