Accounting for Partnership Firms-Not-for-Profit Organizations (CBSE Class-12 Accountancy): Questions 1 - 10 of 10

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Question number: 1

» Accounting for Partnership Firms » Not-for-Profit Organizations

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What is meant by Fund Based Accounting?

Question number: 2

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Explain accounting treatment of ‘Sale of old newspaper and magazine by NPO?

Question number: 3

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Define the Not for profit organisation?

Question number: 4

» Accounting for Partnership Firms » Not-for-Profit Organizations

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How would you calculate the amount of consumable materials?

Question number: 5

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Explain accounting treatment of ‘Life Membership Fees in case of NPO?

Question number: 6

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Explain the treatment of aid from government and other institutions?

Question number: 7

» Accounting for Partnership Firms » Not-for-Profit Organizations

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What are the objectives of accounting for NPO?

Question number: 8

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Write any four features of non profit organisation?

Question number: 9

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Not-for-profit organisations have some distinguishing features from that of profit o rganisations. State any one of them.

Question number: 10

» Accounting for Partnership Firms » Not-for-Profit Organizations

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Give two main sources of income of a Not for profit organisation?

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