Contribution received by a Non-profit organisation is shown in the statement of activities under the caption
Arrange the following ratios in the order in which they appear on a common-size income statement, from top to bottom:
A. Gross profit margin
B. Operating profit margin
C. Net profit margin
D. Earnings per share
Calculate and state the nature of activity under cash flow statement:
Acquired Machinery for ₹5,00,000 paying 50% by cheque and executing a bond for the balance payable :
Current liabilities include:
(A) Trade receivables
(B) Unclaimed dividend
(C) Interest accrued but not due on loan
(D) Acceptances
(E) 12% debentures redeemable after four years
Choose the correct answer from the options given below:
_____ is a amount received by a non profit organization as per the WILL of a deceased person
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?
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