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HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

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Book Keeping and Accountancy
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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.

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

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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.

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.

[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 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

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

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

In Receipts and Payments Account the summary of _____ transactions are recorded.

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

In Receipts and Payments Account the summary of _____ transactions are recorded.

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

Credit side of Receipts and Payments Account shows cash ______.

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

Credit side of Receipts and Payments Account shows cash ______.

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

Answer in one sentence only.

What is Receipts and Payments Account?

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