✓ Board-verified
Accountancy · 2022 · 2 marks
Accounting for Not-for-Profit OrganisationAccounting Records of Not-for-Profit Organisations2 marksvery short answer
CBSE 2022 · Region 3 · Set 2 · Q1
List any four items that are considered as Capital items while preparing financial statements of a NotforProfit Organisation.
Marking-scheme solution
Any four of the following items :
1. Life membership fee
2. Sale/Acquisition of fixed assets
3. Legacies
4. Funds received for special purposes
5. Specific donations
6. Obtaining repayment of long-term loans
7. Purchasing investments and making fixed deposits
(Or any other correct point)
Practice Accounting for Not-for-Profit Organisation →All Accounting for Not-for-Profit Organisation questions
More from Accounting for Not-for-Profit Organisation
- From the following information, calculate the amount of sport's material that will be debited to the Income…2022
- As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received…2022
- As per Receipts and Payments Account of Kala Club for the year ended 31st March, 2021, subscriptions received…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income…2022
- Present the following information in the Balance Sheet of Wisdom Club as at 3 l st March, 202 l Particulars…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income…2022
- From the following 'Receipts and Payments Account of Golden Club for the year ended 31.3.2022, prepare Income…2022
- Following is the Receipts and Payments Account of Indian Youth Club for the year ended 3 l st March, 2021:…2022
CBSE Class 12 Accountancy past-paper question from the 2022board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.