Question :

The founder of the independent Sikh state was :

Option 1:

Guru Nanak

Option 2:

Guru Govind Singh

Option 3:

Dalip Singh

Option 4: Ranjit Singh

Question :

An account akin to Profit and Loss Account in profit organisation is:

Option 1:

Receipts and Payments Account

Option 2:

Trading Account

Option 3:

Income and Expenditure Account

Option 4: General Fund Account

Question :

Receipts and Payments Account does not include which of the following?

Option 1:

Non-cash items such as depreciation

Option 2:

Outstanding expenses

Option 3:

Accrued income

Option 4: All of these

Question :

Calculate Operating ratio - 

Option 1: 80%

Option 2: 95.33%

Option 3: 85%

Option 4: 93%

Question :

Which of the following is not a feature of a not-for profit organisation?

Option 1:

Service motive

Option 2:

Separate entity

Option 3:

Unlimited liability

Option 4:

Managed by elected members