Question : On which basis of accounting, Receipts and Payment account is prepared in case of Non Profit Organisation?

Option 1: Profit Basis 

Option 2: Accural Basis

Option 3: Cash basis 

Option 4: None of these

Question : The Receipts and Payments Account does not include:

Option 1: Capital receipts and payments

Option 2: Revenue receipts and payments

Option 3: Non-cash items

Option 4: None of these

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 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

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