Question Bank
Class 12 Commerce (Accountancy) Exam - English
Duration: 20 · Questions: 20 · Max Marks: 20 · Language: 1
Accountancy
1
Subscriptions received in advance by a club are shown :
2
The opening balance of Prize Fund was ₹ 32,800. During the year, donations received towards this fund amounted to ₹ 15,400; Amount spent on prizes was ₹ 12,300 and interest received on prize fund investment was ₹ 4,000. The closing balance of Prize Fund will be :
3
Incase of partnership the act of any partner is :
4
Receipts and Payments Account is a summary of :
5
Amount received from sale of grass by a club should be treated as :
6
Not-for-Profit Organisations prepare :
7
Income and Expenditure Account reveals :
8
Receips and Payments Account generally shows :
9
Subscription received in advance during the current year is :
10
Receipts and Payments Account is a :
11
Salary paid in cash during the current year was ₹ 80,000; Outstanding salary at the end Was ₹ 4,000; Salary paid in advance last year pertaining to the current year was ₹ 3,200; paid in advance during current year for next year was ₹ 5,000. The amount debited to Income and Expenditure Account will be :
12
Income and Expenditure Account records transactions of
13
If there is a 'Match Fund', then match-expenese and incomes are transferred to :
14
Subscription received by a school for organising annual function is treated as :
15
Income and Expenditure Account shows :
16
Donation received fora special purpose :
17
Donation received for special purpose is a :
18
Subscription received in cash during the year amounted to ₹ 40,000; subscription outstanding at the end of previous year was ₹ 1,500 and outstanding at the end of current year was ₹ 2000 Subscription received in advance for next year was ₹ 800.The amount credited to Income & Expenditure Account will be:
19
If there is a 'Match Fund', then Match Expenses and Match Incomes are transferred to :
20
Subscription received in cash during the year amounted to ₹ 60,000; subscription received in advance for next year was ₹ 3,000 and received in advance during previous year was ₹2 ,000. Subscription in arrear at the end of current year was ₹ 5,400. The amount credited to Income & Expenditure Account will be :