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Test: Principles And Practice Of Accounting- 1 - CA Foundation MCQ


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10 Questions MCQ Test - Test: Principles And Practice Of Accounting- 1

Test: Principles And Practice Of Accounting- 1 for CA Foundation 2024 is part of CA Foundation preparation. The Test: Principles And Practice Of Accounting- 1 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Principles And Practice Of Accounting- 1 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Principles And Practice Of Accounting- 1 below.
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Test: Principles And Practice Of Accounting- 1 - Question 1

Which of the following is generally considered as a non profit oriented organization?

Test: Principles And Practice Of Accounting- 1 - Question 2

The receipts and payments account of a non-profit organization is a

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Test: Principles And Practice Of Accounting- 1 - Question 3

Non-profit organizations prepare all of the following accounts except the

Test: Principles And Practice Of Accounting- 1 - Question 4

Excess of expenditure over income of a Non-profit organisation is termed

Test: Principles And Practice Of Accounting- 1 - Question 5

________is a fixed annual payment and usually continue only during the life time of the named beneficiary

Test: Principles And Practice Of Accounting- 1 - Question 6

Rent expense of a non-profit organization paid in advance. Which of the following is the correct classification of rent?

Test: Principles And Practice Of Accounting- 1 - Question 7

An advance receipt of subscription from a member of the non-profit organization is considered as a/an

Test: Principles And Practice Of Accounting- 1 - Question 8

Income and expenditure account is based on

Test: Principles And Practice Of Accounting- 1 - Question 9

Life Membership is a capital receipt and will be added to capital fund in________

Test: Principles And Practice Of Accounting- 1 - Question 10

Which of the following is to be recorded in an income and expenditure account?

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