Question

(KVS 2016)
le treatment of 'Subscription received in Advance' during the current year in the Balance
Sheet of Not-for-Profit Organisation?
(CBSE Sample Question Paper 2018-19)
Short Answer Type Questions
1. Give three essential features of the Income and Expenditure Account.
2. Explain with illustration the concept of Fund Based Accounting,
3. What are the essential features of the Receipts and Payments Account?
4. Differentiate between the Receipts and Payments Account and the Cash Account.
EXERCISE
Receipts and Payments Account
1. From the information given below, prepare Receipts and Payments Account of Railway Club for the year
ended 31st March, 2019:
₹
₹
Cash in Hand on 1st April, 2018
4,390 Salaries
21,500
Subscription
37,600 Honorarium to Secretary
2,500
Donations
8,000 Interest Received on Investments
2,950
Entrance Fees
4,300 Printing and Stationery
350
Rent Received for Club Halls
5,250 Petty Cash Expenses
900
Electricity Charges
3,440 Insurance Premium Paid
310
Taxes Paid
490​

Answer 1

Explanation:

(KVS 2016)

le treatment of 'Subscription received in Advance' during the current year in the Balance

Sheet of Not-for-Profit Organisation?

(CBSE Sample Question Paper 2018-19)

Short Answer Type Questions

1. Give three essential features of the Income and Expenditure Account.

2. Explain with illustration the concept of Fund Based Accounting,

3. What are the essential features of the Receipts and Payments Account?

4. Differentiate between the Receipts and Payments Account and the Cash Account.

EXERCISE

Receipts and Payments Account

1. From the information given below, prepare Receipts and Payments Account of Railway Club for the year

ended 31st March, 2019:

₹

₹

Cash in Hand on 1st April, 2018

4,390 Salaries

21,500

Subscription

37,600 Honorarium to Secretary

2,500

Donations

8,000 Interest Received on Investments

2,950

Entrance Fees

4,300 Printing and Stationery

350

Rent Received for Club Halls

5,250 Petty Cash Expenses

900

Electricity Charges

3,440 Insurance Premium Paid

310

Taxes Paid

490

Answer 2

Answer:

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