رجوع لبنك الأسئلة
Q99questions-non-profit-accounting· محاسبة غير ربحية
questions-non-profit-accounting
اسئلة محاسبة غير ربحية
مجاني · بدون تسجيل دخول · مع شعار المنصة
The Problem
نصّ السؤال
Part 1: True or False
| 1) A key feature of Not-for-Profit Organizations is that they are exempt from taxes. | ( True ) |
| 2) Donation is the amount which is received by organizations according to the will of a deceased person. | ( False ) . *Note: This definition refers to a Legacy, not a standard Donation. |
| 3) NPOs usually rely on volunteers and donations. | ( True ) |
| 4) The majority of NPOs are focused on philanthropy. | ( True |
| 5) NPOs are not legally separate organizations. | ( False ) . *Note: NPOs are legally incorporated separate entities to protect individuals involved. |
| 6) An organization is not an agent if it receives assets from a donor and agrees to transfer them to a specified unaffiliated beneficiary. | ( False ) . *Note: An organization IS considered an agent under these conditions. |
| 7) Admission fees is the amount received from a person, firm, company or any other body by way of gift. | ( False ) . *Note: Admission fees are charged for entry or membership services, not received as a gift. |
| 8) A subscription is a regular amount paid by members to the organization. | ( True ) |
| 9) Economic interest: having the right to receive or use resources or receive income or services or being obligated to pay the debt of another organization. | ( True ) |
| 10) Payment of honorarium is an amount paid to persons who are not the employees of the organization but take part in the management of the organization. | ( True ) |
Part 2: Multiple Choice Questions
| 1) Increase in unrestricted net assets that arise from exchange transactions. | ⭐ a. Revenues |
| 2) The Receipts and Payments account serves the purpose of: | ⭐ c. Cash book |
| 3) ... recognized on the accrual basis of accounting. | ⭐ c. Income and expenditure |
| 4) Audit fees are shown on the: | ⭐ d. Both a and c (It is a cash payment and an operational expenditure) |
| 5) It is a regular payment made by the members of the organization. | ⭐ b. Subscription |
| 6) It may be of both capital and revenue nature: | ⭐ b. Receipts and Payments |
| 7) The receipts and payments account is prepared at the end of the year by taking items from the: | ⭐ c. Cash book |
| 8) Is the summary of cash and bank transactions: | ⭐ b. Receipts and payments account |
| 9) It is credited to Income and Expenditure Account: | ⭐ b. Receipt |
| 10) It is debited to Income and Expenditure Account: | ⭐ b. Expenses . *Note: In accounting, the debit side of the Income and Expenditure account records all expenses. |
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حاول حلّ السؤال بنفسك أولاً ثم اضغط لعرض الحل.