Question 1 :
Not-for-Profit organisations refer to the organisations that are used for the welfare of the _________ and are set up as charitable institutions which function without any profit motive.

Question 3 :
The affairs of the not-for-profit organisations are usually managed by a managing/executive committee elected by its _______.

Question 5 :
Taking all ______ assets with additions after charging depreciation and showing them on the assets side is one step adopted in preparation of balance sheet.

Question 7 :
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 11 :
Not-for-Profit organisations prepare balance sheets for ascertaining the ________ position of the organisation.

Question 12 :
Not-for-profit organisations are organised as charitable trusts and subscribers to such organisation are called _________.

Question 14 :
From the following Receipts and payments account of a club for 2017-18, prepare Income and Expenditure account and a balance sheet as on 31.3.2018.<br> Receipts and Payments account<table class="wysiwyg-table"><tbody><tr><td>Receipts</td><td>Amount (Rs.)</td><td>Payments</td><td>Amount (Rs.)<br></td></tr><tr><td>To Donations received</td><td>14,000</td><td>By Salaries</td><td>3,300</td></tr><tr><td>To Subscriptions</td><td>6,500</td><td>By Furniture</td><td>11,700</td></tr><tr><td>To Life Memberhip fee</td><td>6,000</td><td>By Games expenses</td><td>2,500</td></tr><tr><td>To Tournment fund</td><td>8,000</td><td>By Printing</td><td>3,100</td></tr><tr><td>To Entrance fee</td><td>1,200</td><td>By Tournment expenses</td><td>3,000</td></tr><tr><td>To Donations for<br><br>Computer</td><td>5,000</td><td>By Sports Equipment</td><td>14,000</td></tr><tr><td>To Sale of Old Newspaper<br></td><td>500</td><td>By Balance c/d</td><td>2,600</td></tr><tr><td><br></td><td>40,200</td><td></td><td>40,200</td></tr></tbody></table>Adjustments:<br>1. Subscriptions received in advance Rs. 1500 and Outstanding Subscriptions Rs. $2500$.<br>2. Value of Sports equipment on 1.4.07 Rs. 1000 and on 31.3.2008 Rs. $9000$<br>3. Provide Rs. 1000 depreciation on Furniture. <br>Calculate the Amount of Surplus/Deficit from the Income and Expenditure account and mark the correct option from the following:

Question 15 :
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 _______________.