Which of the following is not a not-for-profit organisation ?
A) College
B) Sports Club
C) Tata Automobiles
D) Hospital
Correct Answer:
Verified
Q14: Specific donation is:
A)Capital receipt
B)Revenue Receipt
C)Assets
D)Liabilities
Q15: Income and Expenditure Account records transactions of:
A)Capital
Q16: Life membership fee received by a club
Q17: All receipts of capital nature are shown
Q18: All items of revenue in nature are
Q20: Subscriptions received in advance by a club
Q21: Which of the following is not an
Q22: Subscription received by an organisation is:
A)Capital Receipt
B)Revenue
Q23: Not-for-profit organisations are based on…………………………theory.
A)Fund
B)Surplus
C)Profit
D)Expenses
Q24: The not for profit concerns prohibit the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents