12th class Principle of Accounting chapter 2 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 2 (The Accounts of Non-Profit Making Organizations)

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	Income and expenditure account is credited with all.	A. Expenses B. Incomes C. Assets D. Liabilities
2	Income and expenditure account records the transactions of	A. Revenue nature B. Capital nature C. Revenue and capital nature D. None of the these
3	The income through admissionfee shoul dbe.	A. Capitalized B. Treated as revenue C. Treated as liability D. An expenses
4	The income and expenditure account performs the same function as.	A. Trading and profit and loss account B. Manafactureng account C. Balance sheet D. None of these
5	Amount received by the concern as per the will of the donor is known as.	A. Lagacy B. Donation C. Subscription D. None of these
6	the activities of non -trading concern are managed by the.	A. Directors B. Member C. governing body D. Promoters
7	Depreciation written off on fixed assets should be recorded in the.	A. Income and expenditure account only B. Receipt and payment account only C. Receipt and payment account and banalce sheet D. Income and expenditure account and balance sheet.
8	Amount received by the way of gift from any person or organization is called.	A. Donation B. Subscription C. Legacy D. None of these
9	The amount paid to person who was invited to deliver a lecture in a club is known as.	A. Hoorarium B. Salary C. Wages D. None of these
10	Receipts and payments accounts records transaction relating to.	A. Current year B. Past year C. future year D. All of the above