Contribution received by a Non-profit organisation is shown in the statement of activities under the caption
_____ is a amount received by a non profit organization as per the WILL of a deceased person
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Which of the following is generally considered as a non profit oriented organization?
Non-profit organizations prepare all of the following accounts except the
_________ is a fixed annual payment and usually continue only during the life time of the named beneficiary
An advance receipt of subscription from a member of the non-profit organization is considered as a/an
Life Membership is a capital receipt and will be added to capital fund in _______
Honorarium is a kind of remuneration paid to a person who is not the employee of a non-profit organization. Which of the following statements is true about the honorarium payment?
When cash is received for life membership, which one of the following double entries is passed?
Which of the following statement is false regarding receipt and payment account
A nonprofit organization's assets that have been designated by its board of directors for a specific project should be reported on the external financial statements as__________________ net assets.
Which of the following is true relating to Income and expenditure account
Which form of financing is allowed for a nonprofit organization?
The receipts and payments account of a non-profit organization is a
Excess of expenditure over income of a Non-profit organisation is termed as______
Rent expense of a non-profit organization paid in advance. Which of the following is the correct classification of rent?
Which of the following is to be recorded in an income and expenditure account?
The capital of a non-profit organization is generally known as
XYZ club has a bar that maintains a separate trading account for its trading activities. Which of the following is the treatment of profit or loss on bar trading activities?
All revenues and expenses of a Non-profit organisation are reported on its statement of
The statement of _______ may be prepared under the direct or indirect method.
Reporting expenses by categories such as salaries, rent, utilities, etc. is known as the ______ basis.
All expenses of a Non-profit organisation are reported as part of the changes in ___________________ net assets.
Normally the principal portion of an endowment will be classified as _________________ net assets.
The two types of restrictions on contributions that are classified as temporarily restricted are purpose and
Fund earmarked for investment in fixed assets is known as
Classifying expenses into program activities and supporting activities is known as the _______ basis
All assets and liabilities of Non-profit organisation are reported on its statement of
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