1.
Amount received from sale of grass by a club should be treated as :
2.
The amount received for sale of old sports materials by a Non-profit organisation is shown in which of the following?
3.
If there is a 'Match Fund', then match expenses and incomes are transferred to:
4.
Subscription received in advance during the current year is :
5.
Subscription received in cash during the year amounted to Rs. 40,000; subscription outstanding at the end of previous year was Rs. 1,500 and outstanding at the end of current year was Rs. 2,000. Subscription received in advance for next year was Rs. 800. The amount credited to Income & Expenditure Account will be:
6.
Subscription received in cash during the year amounted to Rs. 5,00,000; subscription outstanding at the end of previous year was Rs. 20,000 and outstanding at the end of current year was Rs. 25,000. Subscription received in advance for next year was Rs. 8,000 and received in advance during previous year was Rs. 7,000. The amount credited to Income & Expenditure Account will be :
7.
Subscription received in cash during the year amounted to 760,000; subscription received in advance for next year was 73,000 and received in advance during previous year was 72,000. Subscription in arrear at the end of current year was 75,400. The amount credited to Income & Expenditure Account will be :
8.
Subscription received in cash during the year amounted to Rs. 3,00,000; subscription received in advance for next year was Rs. 10,000 and received in advance during previous year was Rs. 8,000. Subscription in arrear at the end of previous year was Rs. 18,000 and subscription in arrear at the end of current year was Rs. 12,000. The amount credited to Income & Expenditure Account will be :
9.
There are 200 members, each paying an annual subscription of 7 1,000; subscription received during the year 7 1,95,000; subscriptions received in advance at the beginning of the year 73,000 and at the end of the year 72,000.
10.
The opening balance of Prize Fund was Rs. 32,800. During the year, donations reoeived towards this fund amounted to Rs. 15,400; amount spent on prizes was 712,300 and interest received on prize fund investment was Rs. 4,000. The closing balance of Prize Fund will be :