| 1 |
Subcription received during the current year is. |
- A. An income
- B. An expenditure
- C. An asset
- D. An liability.
|
| 2 |
Amount received by the way of gift from any person or organization is called. |
- A. Donation
- B. Subscription
- C. Legacy
- D. None of these
|
| 3 |
Donation receivedin heavy amount are treated as. |
- A. Revenue
- B. Capitaized
- C. Liability
- D. Assets
|
| 4 |
Subscription otstanding in the beginning are shown in the |
- A. Trading account
- B. Income and expenditure account
- C. Balance sheet
- D. Profit and loss account
|
| 5 |
Income and expenditur eaccount is prepared on. |
- A. Cash basis
- B. Accrual basis
- C. Cahs of accural basis
- D. None of these
|
| 6 |
Purchase of sports material for the club should be treated as. |
- A. Expense
- B. Assets
- C. Income
- D. Liability
|
| 7 |
Capital is obtained by deductin liabiliities from. |
- A. Expenditures
- B. Receipt
- C. Assets
- D. Incomes
|
| 8 |
Accured subscripttion represents. |
- A. An expense
- B. An income
- C. An asset
- D. A liability.
|
| 9 |
Income and expenditur eaccount is prepared at the |
- A. Start of the year
- B. Mid of the year
- C. End of the year
- D. At the start and ed of the year
|
| 10 |
Non-profit making organizations |
- A. Buy goods
- B. Manufacture goods
- C. Sell goods
- D. None of these
|
