Question : Receipts and Payments Account of a non-profit organisation is prepared on the basis of:

Option 1: Accrual Basis

Option 2: Cash Basis

Option 3: Both Cash and Accrual

Option 4: None of these

Question : Name the basis of accounting according to which income and expenditure account is prepared?

Option 1: cash basis 

Option 2: accural basis 

Option 3: profit basis 

Option 4: future basis 

Question : Cash Flow statement is based on - 

Option 1: Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Mixed basis of accounting

Option 4: None of these

Question : Cash Flow Statement is based Upon :

Option 1:  Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Accounting equation

Option 4: None of the above

Question : Cash Flow Statement by Indirect Method is prepared on the basis of ___________.

Option 1: Balance sheet

Option 2: Profit and loss account

Option 3: Both 1 and 2

Option 4: None of the above