Question 4 :
Income &amp; Expenditure A/c is prepared by transfer of :<br/>(I) Nominal accounts <br/>(II) Real accounts <br/>(III) Personal accounts <br/>The correct answer is ___________________.

Question 5 :
In Income and Expenditure account all Expenditure are recorded on ______________.

Question 7 :
Not for profit organisations may not manufacture, purchase or sell goods and have credit transactions so,&#160; _________account is not prepared.

Question 14 :
The affairs of the not-for-profit organisations are usually managed by a managing/executive committee elected by its _______.

Question 15 :
From the following, find out the amount of subscriptions to be included in the Income &amp; Expenditure Account for the year ended 31st March 2009.&#160;<br/>Subscription were received during the year 2008 - 2009 as follows:&#160;<br/><span>For the year 2008 - 2009 30,000</span><div><span>For the year 2009 - 2010 3,000</span></div><div><span>Subscription outstanding as on 31st March 2008 were Rs. 3,500 out of which Rs.500 were considered to be irrecoverable. On the same date, Subscription received in advance for 2008-2009 were Rs. 2,000.<br/></span></div>

Question 16 :
Income and Expenditure account is ________ by balance sheet whereas Receipt and Payment account is __________by balance sheet

Question 17 :
Non-profit organizations prepare all of the following accounts except the _______________.&#160;

Question 18 :
The information for the preparation of receipt and payments account is taken from _________.

Question 20 :
A not-for-profit entity has all the following characteristic except that it will ______________.

Question 21 :
Which of the following statement is prepared by the Not-for-profit Organisations?

Question 22 :
The distinction between capital and revenue is necessary for the preparation of ___________.

Question 23 :
In not-for-profit organization, surplus generated in the form of excess of income over expenditure is distributed amongst the _________.

Question 24 :
Match List-I(financial statements and accounts) with List-II(special matters associated with statements and accounts) and select the correct answer using the codes given the lists.<table class="wysiwyg-table"><tbody><tr><td>List-I</td><td>List-II</td></tr><tr><td>I. Receipts and payments</td><td>(a) Revenue account</td></tr><tr><td>II. Income and expenditure account</td><td>(b) Cash</td></tr><tr><td>III. Dividend equalisation reserve</td><td>(c) Liability</td></tr><tr><td>IV. Club subscription received in advance account</td><td>(d) Balance Sheet</td></tr><tr><td></td><td>(e) General reserve</td></tr></tbody></table>

Question 25 :
The income and expenditure account is prepared on the basis of __________ system of accounting.

Question 26 :
An Institution received Rs. 140,030 as rent during the year 2016-2017 which includes Rs. 36,000 received in advance for the year 2017-2018. Outstanding rent at the end of the years 2015-2016 and 2016-2017 were Rs. 24,000 and Rs. 28,000 respectively. Amount of rent to be shown in Income and Expenditure Account for the year 2016-2017 will be _______________.

Question 27 :
The total of all payments irrespective of their nature (whether capital or revenue) and whether they pertain to past, current and future periods are to be shown on its credit side is step ____ in preparation of Receipt and Payment Account.

Question 30 :
The following information is provided by a club<br/>Stock of sports goods = Rs.20,000<br/>Purchase of sports goods During the year = Rs.80,000<br/>Sports goods sold as scrap = Rs.500<br/>Closing balance = Rs.30,000<br/>The amount to charged to Income and Expenditure Account will be: