Sie sind auf Seite 1von 3

CBSE TEST PAPER -01

CLASS XII ACCOUNTANCY

ACCOUNTING FOR NOT FOR PROFIT ORGANISATIONS

1. What is meant by not-for profit organisations?


2. What accounts are prepared by a Not For profit organisations?
3. What is meant by:
i. Receipts and payment A/c.
ii. Income and expenditure A/c.
4. What is the nature of:
i. Receipts and payment A/c.
ii. Income and expenditure A/c.
5. Show the following information in the balance sheet of the vinod sports
club as on 31st march 2018:
PARTICULARS DEBIT CREDIT

Tournament fund ………… 1,50,000


Tournament fund investment 1,50,000 …………
Income from Tournament fund investment ………... 18,000
Tournament expenses 12,000 ………..

Additional information:

Interest accrued on tournament fund investment Rs.6,000.

6. On the basis of the following information calculate the amount of


stationary to be shown in income and expenditure account for the year
ended 31st March 2019:
Stock of stationary on 1st april 2018 50,000
Stock of stationary on 31st March 2019 40,000
Paid for stationary during the year 2,00,000
Creditors for stationary on 1st april 2018 20,000
Creditors for stationary on 31st march 2019 10,000
7. Extracts of receipts and payments account for 31st march 2019 are given
below:
PARTICULARS AMOUNT

Subscriptions:

2017-18 1,000
28,000
2019-20
500
2020-21

Additional information:
Total no. of members=1000.
Annual membership fee= Rs. 30
Subscription outstanding on 31st March 2018= Rs. 1,300.
8. From the following extracts of receipts and payments account and
additional information given below, compute the amount of income
from subscription and show as hoe they would appear in income and
expenditure account for the year ended march 31, 2019 in the balance
sheet on that date:

Receipts and Payments A/c


For the year ending 31st march 2019
Receipts Amount Payments Amount

Subscriptions:
2017-18 7000
2018-19 30,000
2019-20 5,000
Additional information :
1. Subscription outstanding 31st march 2018, Rs. 8,500.
2. Total subscription outstanding 31st march 2019, Rs.18,500.
3. Subscription received in advance as on 31st march 2018, Rs. 4,000.

******