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Class 12 Accountancy - Chapter 1: Accounting for Not-for-Profit Organisation MCQ Questions

10 Questions 20 Minutes
Answered: 0 / 10Unanswered: 10

Your Class 12 Accountancy Study Path

  1. 1LearnNCERT Solutions
  2. 2PracticeChapter MCQs
  3. 3TestChapter Test
  4. 4PrepareSample Papers
  5. 5Exam PracticePrevious-Year Papers
  6. 6Final CheckMock Test
Question 1

The task of preparing Income and Expenditure A/c and the Balance Sheet commences after the preparation of the:

Question 2

Subscriptions received in advance during the accounting year is:

Question 3

Income and Expenditure A/c is of the nature of:

Question 4

If the credit side of Receipts and Payments A/c exceeds the debit side, the balance represents:

Question 5

In Income and Expenditure A/c all revenue expenses are entered on:

Question 6

Cash received by converting an asset into cash is reflected in:

Question 7

In Receipts and Payments A/c, cash in hand or at the bank is put on:

Question 8

In the Income and Expenditure Account all revenue receipts are entered on:

Question 9

No cash transaction will be excluded from:

Question 10

Receipts and Payments A/c is the summary of a:

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