Commerce Exam > Commerce Tests > Accountancy Class 12 > Test: Financial Statements Of Non Profit Organization - 2 - Commerce MCQ
Test: Financial Statements Of Non Profit Organization - 2 - Commerce MCQ
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10 Questions MCQ Test Accountancy Class 12 - Test: Financial Statements Of Non Profit Organization - 2
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Test: Financial Statements Of Non Profit Organization - 2 - Question 1
All revenues and expenses of a Non-profit organisation are reported on its statement of
Test: Financial Statements Of Non Profit Organization - 2 - Question 2
All assets and liabilities of Non-profit organisation are reported on its statement of
Detailed Solution for Test: Financial Statements Of Non Profit Organization - 2 - Question 2
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Test: Financial Statements Of Non Profit Organization - 2 - Question 3
The statement of _______ may be prepared under the direct or indirect method.
Test: Financial Statements Of Non Profit Organization - 2 - Question 4
Classifying expenses into program activities and supporting activities is known as the _______ basis
Test: Financial Statements Of Non Profit Organization - 2 - Question 5
Reporting expenses by categories such as salaries, rent, utilities, etc. is known as the ______ basis.
Test: Financial Statements Of Non Profit Organization - 2 - Question 6
Fund earmarked for investment in fixed assets is known as
Test: Financial Statements Of Non Profit Organization - 2 - Question 7
Which of the following is not an restricted fund
Test: Financial Statements Of Non Profit Organization - 2 - Question 8
The two types of restrictions on contributions that are classified as temporarily restricted are purpose and
Test: Financial Statements Of Non Profit Organization - 2 - Question 9
All expenses of a Non-profit organisation are reported as part of the changes in ___________________ net assets.
Test: Financial Statements Of Non Profit Organization - 2 - Question 10
Normally the principal portion of an endowment will be classified as _________________ net assets.
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Financial Statements Of Non Profit Organization - 2 MCQs with Answers
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