NPO Mock Test 2-2021
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Laxmi Kant SahaniNPO Mock Test 2-2021
Uploaded by
Laxmi Kant SahaniAccountancy Mock Test 2
M.M. 15 Topic- Not for Profit Organisations Time: 30 Min
1. Which of the following is not a revenue receipt ?
(A) Donations for Tournament
(B) Government Grants
(C) Subscriptions
(D) Entrance Fees
2. Distinguish between Income and Expenditure Account and Receipts and Payments Account on the basis of ‘Nature
of items’.
3. From the given extracts obtained from the Receipts and Payments Account of Cheema Club for the year ended 31st
March, 2019 and additional information, calculate the amount of subscription in arrears as on 31st March, 2019.
Subscriptions Received ₹
2017 - 18 10,000
2018 - 19 1,20,000
2019 - 20 7,000
Additional Information:
The Club had 130 members paying an annual subscription of ₹ 1,000 each. Subscriptions in arrears at the beginning
of the year were ₹ 16,000. 10 members paid subscriptions for 2018-19 in 2017-18.
4. How will the following information of Royal Sports Club be presented in the Income and Expenditure Account for
the year ended 31st March, 2019 and its Balance Sheet as on that date?
Particular ₹
Tournament Fund as on 1st April, 2018 5,00,000
Tournament expenses incurred during the year 8,00,000
Donations for Tournament Fund received during the year 1,20,000
Sale of Tournament tickets during the year 1,50,000
5. From the following particulars relating to Ganesh Charitable Society, prepare a Receipts and Payments Account for
the year ending 31st March, 2019:
Particular ₹
Opening balance of cash 20,000
Subscriptions received:
2017-18 25,000
2018-19 1,00,000
2019-20 15,000 1,40,000
Entrance fees received 45,000
Sale of old sports material 5,000
Rent paid 19,000
Donations received for construction of building 1,00,000
Office expenses paid 23,000
6. From the given Receipts and Payments Account and additional information of Premier Club for the year ended 31st
March, 2019, prepare Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheet as on
that date.
Receipts and Payments Account of Premier Club for the year ended 31st March, 2019
Receipts ₹ Payments ₹
To Balance b/d 80,900 By Furniture & Equipment 1,00,000
To Subscriptions (Purchased on 1.10.2018)
2017-18 12,000 By Salaries 62,000
2108-19 70,000
2019-20 9,000 91,000 By Balance c/d 68,600
To Interest Received 19,700
To Donation 39,000
2,30,600 2,30,600
Additional Information:
(i) On 1st April, 2018, the Club had the following balance of assets and liabilities: Furniture and Equipment ₹
1,80,000, Subscriptions in arrears ₹ 15,000, and Outstanding Salary ₹ 13,000.
(ii) Charge depreciation on Furniture and Equipment @ 10% p.a.
(iii) The Club had 90 members, each paying an annual subscription of ₹ 1,000.
