Financial Statements Of Non-Profit Organization CBSE Questions & Answers

All revenues and expenses of a Non-profit organisation are reported on its statement of

All assets and liabilities of Non-profit organisation are reported on its statement of

The statement of _______ may be prepared under the direct or indirect method.

Classifying expenses into program activities and supporting activities is known as the _______ basis

Reporting expenses by categories such as salaries, rent, utilities, etc. is known as the ______ basis.

Fund earmarked for investment in fixed assets is known as

Which of the following is not an restricted fund

The two types of restrictions on contributions that are classified as temporarily restricted are purpose and

All expenses of a Non-profit organisation are reported as part of the changes in ___________________ net assets.

Normally the principal portion of an endowment will be classified as _________________ net assets.

A nonprofit organization's assets that have been designated by its board of directors for a specific project should be reported on the external financial statements as__________________ net assets.

Contribution received by a Non-profit organisation is shown in the statement of activities under the caption

Which of the following is true relating to Income and expenditure account

_____ is a amount received by a non profit organization as per the WILL of a deceased person

Which form of financing is allowed for a nonprofit organization?