Question : Specific Donation received by NPO are shown in the: 

Option 1: Credit side of income and expenditure account 

Option 2:  Debit side of income and expenditure account 

Option 3:  Assets side of balance sheet 

Option 4: Liabilities side of balance sheet 

Question : Subscription received for special events is

Option 1: recorded in the debit of Receipts and Payments Account and in the debit of Income and Expenditure Account in the year of receipt.

Option 2: recorded in the debit of Receipts and Payments Account and in the credit of Income and Expenditure Account in the year of receipt.

Option 3: recorded in the debit of Receipts and Payments Account and shown in the assets side of the Balance Sheet till the time event is held.

Option 4: recorded in the debit of Receipts and Payments Account and shown in the liabilities side of the Balance Sheet till the time event is held.

Question : Entrance/Admission Fee received by the NPO is:

Option 1: Added to the Capital fund in Balance Sheet.

Option 2: transferred to the credit of Income and Expenditure A/c

Option 3: shown in the debit of Income and Expenditure A/c

Option 4: shown as a separate item in the Liabilities side of the Balance Sheet.

Question : Donations received for a special purpose:

Option 1: Should be shown on the Asset side of the Balance Sheet

Option 2: Should be shown on the Liability side of the Balance Sheet

Option 3: Should be shown on the credit side of the Income and Expenditure Account

Option 4: Should not be shown anywhere

Question : Donations received for a special purpose:

Option 1: Should be shown on the Asset side of the Balance Sheet

Option 2: Should be shown on the Liability side of the Balance Sheet

Option 3: Should be shown on the credit side of the Income and Expenditure Account

Option 4: Should not be shown anywhere