I.Com Part 2|Non-Profit|Donation, Subscription, Accumulated Fund, Receipt & Payment Account
Автор: Jaweed Hassan Batooq
Загружено: 2025-05-02
Просмотров: 43
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Donation, Subscription, Accumulated Fund, Receipt & Payment Account
Donation, Subscription, Accumulated Fund, Receipt & Payment Account
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Get ready for Part 3 of our MCQ series on Non-Profit Organization Accounting! This set of questions will test your understanding of key concepts including:
Purpose of non-profit organizations
Examples of non-profit institutions like government colleges
Meaning and treatment of donations, subscriptions, and legacy
Use of receipt and payment account as a cash book alternative
Classification of books in library as fixed assets
How to report subscription received in advance (as liability)
The concept of accumulated fund or capital fund in non-profits
🎓 These MCQs are ideal for students of CA, ACCA, B.Com, and other accounting exams.
👉 Don’t forget to subscribe, like, and share for more MCQ practice on core accounting topics!
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