Question : Out of the following items, which is not shown in the Receipts and Payment Account of the not-for-profit organisation?

Option 1: Subscription received in Advance 

Option 2: Outstanding subscription 

Option 3: Last year subscription received in advance 

Option 4: All of the above 

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

Option 1: Subscription Received for the current year

Option 2: Subscription received for the last year

Option 3: Subscription accrued for the current year

Option 4: Subscription received in advance

Question : Out of the following items, which one is shown in the receipts and payment account of a not for profit orginsation?

Option 1: Accrued subscription 

Option 2: outstanding salary 

Option 3: depreciation 

Option 4: Interest on Investment received 

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 : Subscription credited to the Income and Expenditure account was Rs 4,00,000, Subscription outstanding at the end of the previous year was Rs 30,000. and outstanding at the end of the current year was Rs 35,000. The subscription received in advance for next year was Rs 9,000 and the received in Advance during the previous year was  Rs 8,000. What was the amount recorded in the Receipts and Payment Account? 

Option 1: Rs 4,04,000

Option 2: Rs 4,96,000

Option 3: Rs 3,91,000

Option 4: Rs 4,00,000

Question : The subscription credited to the Income and expenditure account was Rs.4,00,000. Subscription outstanding at the end of the previous year was Rs.20,000 and outstanding at the end of the current year was Rs.25,000. The subscription received in advance for the next year was Rs.8,000 and received in advance during the previous year was Rs.7,000. What was the amount recorded in the Receipts and Payment Account?

Option 1:  Rs 3,96,000

Option 2: Rs 3,95,000

Option 3: Rs 4,25,000

Option 4:  Rs 4,96,000