Question : Identify the item which is not shown under the Receipts and Payments Account in case of NPO.

Option 1: Furniture purchased

Option 2: wages paid

Option 3: Depreciation

Option 4: Honorarium

Question : Identify the item which is not shown under the Receipts and Payments Account in case of NPO.

Option 1: Furniture purchased

Option 2: wages paid

Option 3: Depreciation

Option 4: Honorarium

Question : Income and Expenditure account records:

Option 1: Revenue receipts and payments

Option 2: Capital receipts and payments

Option 3: Only revenue receipts

Option 4: Only capital payments

Question : Surplus/Deficit of an NPO is known from the:

Option 1: Receipts and Payments Account

Option 2: Cash Book

Option 3: Income and Expenditure Account

Option 4: Balance Sheet

Question : Which one of the following items is shown in the 'Receipts and Payments account' of a not-for-profit organisation?

Option 1: Depreciation

Option 2: Subscription received for the last year

Option 3: Medicines consumed

Option 4: None of these

Question : Which of the following items appear in Income and Expenditure A/c but not in Receipts and Payments Account?

Option 1: Entrance fees

Option 2: Subscription

Option 3: Depreciation on building

Option 4: Honorarium to secretary