12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 2 (The Accounts of Non-Profit Making Organizations)

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ICOM Part 2 English Medium Principles of Accounting Chapter 2 MCQ's Test

Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test

Try the Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test.

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Chapter 2 Online Test

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Question # 1

The method for preparing the final accounts in trading concerns and non-profit making organizations are

Question # 2

Subscription Received in advance is.

Question # 3

The main sources of income of for on -trading concern is.

Question # 4

A person who is elected to run the club

Question # 5

Donation receivedin heavy amount are treated as.

Question # 6

The income through admissionfee shoul dbe.

Question # 7

All transactions relating to non-profit seeking concerns are recorded in the books of account strictly according to

Question # 8

Amount received by the way of gift from any person or organization is called.

Question # 9

Credit side of iincome and expenditure account records.

Question # 10

The income and expenditure account performs the same function as.

Question # 11

A receipts and payments account is similar to

Question # 12

The amount paid to person who was invited to deliver a lecture in a club is known as.

Question # 13

Receipt and payment account starts with the.

Question # 14

Example of non-profit making organization

Question # 15

Non-profit making organizations

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