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Question-1
A donation not received for a specific purpose is called as a _____________ donation
(A)
General
(B)
Specific
(C)
None of these
(D)
All of these
Question-2
Choose the odd one and state reason
(A)
Hall rent received from outsiders
(B)
Interest received on investment
(C)
Donation, grants and legacies received regularly for general function
(D)
Amount received as loan
Question-3
Pick the odd one and state reason
(A)
Locker rent and clock room rent from members
(B)
Receipt from sale of refreshment, dinner coupons and other soul function
(C)
Interest received on fixed deposit
(D)
Life membership subscription
Question-4
The profit on sale of fixed asset is credited to_______________account
(A)
Income and expenditure account
(B)
Capital
(C)
Balance sheet
(D)
None of these
Question-5
Income and expenditure account is a ______ account in nature
(A)
Real
(B)
Nominal
(C)
Personal
(D)
All of these
Question-6
____________ is received from the new members apart from the amount of annual subscription
(A)
Legacies
(B)
Endowment fund
(C)
Entrance fees
(D)
All of these
Question-7
_______________ are those amount in which a non-trading concern will receive as per will be of a deceased person
(A)
Subscription
(B)
Legacies
(C)
Entrance fee
(D)
Environment fund
Question-8
Capital fund cannot be withdrawn by the____________
(A)
Members
(B)
Owners
(C)
Creditors
(D)
None of these
Question-9
Which one is the odd one and state reason
(A)
Donation from outsides or members for specific purposes
(B)
Amount received as loan
(C)
Life membership subscription
(D)
Admission fee not capitalized
Question-10
Loss on sale of fixed asset is_________ to income and expenditure
(A)
Debited
(B)
Credited
(C)
None of these
(D)
Both of these
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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