Give four examples for capital receipts of the not-for-profit organisation.

Short/Brief Note

shaalaa.com

Is there an error in this question or solution?

Chapter 2: Accounts of not–for–profit organisation - Very short answer questions [Page 70]

Chapter 2 Accounts of not–for–profit organisation
Very short answer questions | Q I 5. | Page 70

State the meaning of Receipt and Payment Account.

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

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.

Receipts and payments account records receipts and payments of _____________.

Consider the following statements

Statement 1 - "Receipt and Payment Account records the receipts and payments of revenue nature only".

Statement 2 - "Receipt and Payment Account records the receipts and payments of revenue nature and capital nature".

Identity the type of fund stated below:

'Himanshu Club has a fund which can only be used for the distribution of prizes.'

Which of the following represents capital receipt?

The amount received from the sale of grass by a club should be treated as ______

Out of the following items, which one is shown in the Receipts and Payments Account?

Mumbai University prepares ______ Account instead of a Profit and Loss account.