CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A

Read and download free pdf of CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A. Download printable Accountancy Class 12 Worksheets in pdf format, CBSE Class 12 Accountancy Part 1 Chapter 1 Accounting for Not-for-Profit Organisation Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Accountancy Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

Part 1 Chapter 1 Accounting for Not-for-Profit Organisation Accountancy Worksheet for Class 12

Class 12 Accountancy students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Accountancy will be very useful for tests and exams and help you to score better marks

Class 12 Accountancy Part 1 Chapter 1 Accounting for Not-for-Profit Organisation Worksheet Pdf


Not-For-Profit Organisation
 
MCQ Questions for NCERT Class 12 Accountancy Accounting For Not- For - Profit Organisations 

Question: How much amount will be shown in Income and Expenditure Account in the following case?


CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A

During 2019-20 payment made to Creditors for Stationery was Rs.50,000.
Cash purchases of Stationery Rs.10,000.

(A) Rs.57,800
(B) Rs.62,200
(C) Rs.61,800
(D) Rs.58,200
Answer: A

Question: How will you show the following in Balance sheet of Cricket stadium?
Pavilion Fund as on 31.03.2020 Rs.5,00,000; Expenditure on construction of Pavilion Rs.3,00,000; Capital Fund as at 31.03.2020 Rs.9,00,000.
(A) Capital Fund Rs.9,00,000, Pavilion Fund Rs.2,00,000 & Pavilion in Progress Rs.5,00,000
(B) Capital Fund Rs.12,00,000, Pavilion Fund Rs.2,00,000 & Pavilion in Progress Rs.3,00,000
(C) Capital Fund Rs.6,00,000, Pavilion Fund Rs.5,00,000 & Pavilion in Progress Rs.3,00,000
(D) Capital Fund Rs.6,00,000, Pavilion Fund Rs.2,00,000 & Pavilion in Progress Rs.3,00,000
Answer: B

Question: If Salaries debited to Income & Expenditure account is Rs.54,000 after adjusting prepaid salaries at the beginning of the year Rs.2,000, outstanding salaries of previous year Rs.6,000 and outstanding salaries of current year Rs.9,000, then Salaries paid during the current year will be:
(A) Rs.59,000
(B) Rs.63,000
(C) Rs.49,000
(D) Rs.37,000
Answer: C

Question: Income and Expenditure account is prepared according to ___________ concept of accounting.
Answer: Accrual

Question: Receipts and Payment account makes no distinction between _________ and ___________ receipts and payments.
Answer: Capital, Revenue

Question: Excess of expenditure over income is ___________ from ____________ in the Balance Sheet.
Answer: Deducted, Capital Fund

Question: Accrued interest on Tournament Fund Investment is added to _________ on liability side and to _____________ on assets side of Balance Sheet.
Answer: Tournament Fund, Tournament Fund Investment

Question: Adjustments for outstanding expenses and prepaid expenses is not made in ______________ account as it is based on _____________ basis of accounting.
Answer: Receipts & Payments, Cash

Question:When Match expenses incurred are more than Match Fund, the excess amount is shown on __________ side of _______________.
Answer: Debit, Income and Expenditure account

Question: In a school, Books are treated as ___________ expenditure and periodicals as ___________ expenditure.
Answer: Capital, Revenue

Question: Depreciation is not recorded in Receipts and Payment account because it is ____________.
Answer: Non-cash item/expense

Question: Interest received on specific fund investment is ........... receipts.
Answer: Capital

 
1. Compute the income from subscription for the year 2012 from the following particulars relating t a club.
 
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 1
 
Subscription received during the year Rs1,48,900
 
2. Compute the income from subscription for the year 2002 from the following particulars relating t a club.
 
 CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 2
Subscription received during the year Rs 3,75,000.
 
3. Prepare a Subscription Account from the following for the year ending 31st March 2003.
(a)Subscription in arrears on 31-03-2002 –Rs500
(b)Subscription received in advance on 31-03-2002 Rs 1,100
(c) Total Subscription received during the year 2002-2003
(Including `1,600 for 2003-2004) Rs 48,000
(d)Subscription outstanding for 2002-2003 Rs 400.
 
4. Prepare a Subscription Account from the following for the year ending 31st December 2018.
(a)Subscription in arrears on 31-12-2017 –Rs 2,100
(b)Subscription received in advance on 31-12-2017 Rs 4,500
(c) Total Subscription received during the year 2018
(Including Rs 1,700 for 2017 and Rs 4,900 for 2018) Rs 2,10,000
(d)Subscription outstanding for 2018 Rs 1,900.
 
5. From the following extracts of Receipts and Payments account and the additional information, you are required to calculate the income from Subscription for the year ending 31st December 2012 and show them in the Income and Expenditure account and the Balance sheet of a club. Receipts and Payments account

CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 3

CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 4

Information:
(a)Subscription outstanding on 31-12-2011 Rs 6,000
(b)Subscription outstanding on 31-12-2012 Rs 5,000
(c) Subscription received in advance on 31-12-2011 Rs 6,000.
 
6. How will you deal with the following items while preparing the Income and Expenditure account for the year ending 31st December 2002 and the Balance sheet as on that date?

CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 5

Information:
The club has 50 members, each paying annual subscription of Rs 25. Subscription outstanding on December 31, 2002 were Rs 300.
 
7. How will you deal with the following items while preparing the Income and Expenditure account for the year ending 31st December 2002 and the Balance sheet as on that date?

CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 6

Information:
 
The club has 1,440 members, each paying annual subscription of
Rs 100. Subscription outstanding on December 31, 2001 were
Rs 9,200. Subscription received in advance as on 31-12-2001
Rs 2,800 (including `800 for 2002).
 
8. How will you deal with the following items while preparing the Income and Expenditure account for the year ending 31st December 2002 and the Balance sheet as on that date?
 
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 7
 
Payment made against Stationery during the year Rs 88,000
 
9. How will you deal with the following items while preparing the Income and Expenditure account for the year ending 31st December 2002 and the Balance sheet as on that date?

CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 8

CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A 9

Payment made against Stationery during the year Rs 66,000


Please click on below link to download CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A

Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet

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CBSE Class 12 Accountancy Part 1 Chapter 1 Accounting for Not-for-Profit Organisation Worksheet

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Part 1 Chapter 1 Accounting for Not-for-Profit Organisation worksheet Accountancy CBSE Class 12

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Worksheet for CBSE Accountancy Class 12 Part 1 Chapter 1 Accounting for Not-for-Profit Organisation

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