Matching Type MCQs of NPO Accountancy class 12
Looking for important Matching Type MCQs of NPO (Not for profit organization) chapter with answers and explanation of Accountancy class 12 CBSE, ISC, and other State Boards.
We have compiled a list of very important Matching Type Multiple Choice Questions of Not for-profit organisations (NPO) with answers of accountancy class 12
Matching Type Multiple Choice Questions of NPO chapter with answers of Accountancy class 12
Let’s Practice
Match the following items in Not for Profit Organisation:
| i) | It is like a summary of cash transactions | A | Income and Expenditure A/c |
| ii) | It is like a Profit and Loss A/c | B | Opening Balance Sheet |
| C | Receipts and Payment A/c |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – A, ii – C
d) i – C, ii – A
Ans – d)
Match the following items in NPO:
| i) | Receipts and Payments Account is a | A | Cash Basis |
| ii) | Receipts and Payments Account record transactions of | B | Non-Cash Itmes |
| iii) | In Receipts and Payments Account all transactions are recorded on | C | Capital and Revenue Nature |
| iv) | In Receipts and Payments Account, no adjustment are made for | D | Real Account |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – C, iii – A, iv – D
c) i – D, ii – C, iii – A, iv – B
d) i – C, ii – A, iii – B, iv – D
Ans – c)
Match the following items in NPO:
| i) | Receipts and Payments Accounts | A | Profit Organisation |
| ii) | Receipts and Payments Account is prepared for a | B | Summary of Cash Book |
| iii) | Income and Expenditure Account is prepared for a | C | Not for Profit Organisation |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – A, iii – C
c) i – C, ii – B, iii – A
d) i – B, ii – C, iii – C
Ans – d)
Match the following items in NPO:
| i) | Receipts and Payments Account is prepared | A | On Accrual Basis |
| ii) | Income and Expenditure Account shows Surplus in case of | B | Excess of Expenditure over Income |
| iii) | Income and Expenditure Account is prepared | C | Excess of Income over Expenditure |
| D | On Cash Basis |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – A, iii – C
c) i – D, ii – C, iii – A
d) i – C, ii – B, iii – D
Ans – c)
Match the following items in NPO:
| i) | Service Motive | A | Assets Side |
| ii) | Accrued Interest | B | Profit Earning Organisation |
| iii) | Subscription received in advance | C | Liabilities Side |
| iv) | Profit Motive | D | Non Profit Organisation |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – D, ii – A, iii – C, iv – B
c) i – B, ii – A, iii – C, iv – D
d) i – C, ii – B, iii – A, iv – D
Ans – b)
Match the following items in NPO:
| i) | Receipts and Payments Account shows | A | Excess of Income over Expenditure |
| ii) | Receipts and Payments Account does not show | B | Cash in Hand |
| C | Excess of Expenditure over Income | ||
| D | Cash at Bank |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – b,d, ii – a,c
d) i – C, ii – D
Ans – c)
Match the following items in NPO:
| i) | How are not for profit organisations organised | A | Shareholders |
| ii) | How are not for profit organisations managed | B | Societies |
| C | Partners | ||
| D | Executive Committee |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – B, ii – D
And – d)
Match the following items in NPO:
| i) | Surplus is | A | Excess of Expenditure over Income |
| ii) | Deficit is | B | Excess of Liabilities over Assets |
| iii) | Opening Capital Fund is | C | Excess of Income over Expenditure |
| D | Excess of Assets over Liabilities |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – C, iii – A
c) i – C, ii – A, iii – D
d) i – D, ii – B, iii – A
Ans – c)
Match the following items in NPO:
| i) | Donation for Building | A | Dr. Side of Income and Expenditure A/c |
| ii) | Arrears of subscription at the beginning of the year | B | Cr. Side of Income and Expenditure A/c |
| iii) | Endowment Fund | C | Assets side of Opening Balance Sheet |
| iv) | Deficit of a Fund | D | Liabilities side of Closing Balance Sheet |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – A, iii – D, iv – C
c) i – D, ii – C, iii – D, iv – A
d) i – C, ii – B, iii – A, iv – D
Ans – c)
Match the following items in NPO:
| i) | Legacy is shown in Balance Sheet because it is | A | Opening Balance Sheet and Closing Balance Sheet and Income and Expenditure A/c |
| ii) | Entrance Fees is shown in | B | Shown in Receipts and Payment A/c |
| iii) | Opening and Closing Cash Balance are shown in | C | Capital Nature Income |
| D | Income and Expenditure A/c |
Options
a) i – A, ii – B, iii – C,
b) i – B, ii – A, iii – C
c) i – C, ii – D, iii – B
d) i – D, ii – A, iii – C
Ans – c)
Match the following items in NPO:
| i) | Outstanding rent of a current year | A | Added to rent on Dr. side of Income and Expenditure Account |
| ii) | Outstanding rent of previous year | B | Added to rent on Cr. side of Income and Expenditure Account |
| iii) | Prepaid rent of current year | C | Deducted from rent on Dr. side of Income and Expenditure Account |
| iv) | Prepaid rent of previous year | D | Deducted from rent on Cr. side of Income and Expenditure Account |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – A, iii – D, iv – C
c) i – A, ii – C, iii – C, iv – A
d) i – C, ii – A, iii – D, iv – B
Ans – c)
Match the following items:
| i) | Revenue Receipts for the NPOs | A | Legacy |
| ii) | Capital Expenditure for the NPOs | B | Purchase of Books |
| iii) | Capital Receipts for the NPOs | C | Donation Received |
| iv) | Revenue Expenditure for the NPOs | D | Purchase of Newspapers |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – C, ii – B, iii – A, iv – D
c) i – B, ii – A, iii – C, iv – D
d) i – D, ii – C, iii – B, iv – A
Ans – b)
Match the following items:
| i) | Rent received will be shown in | A | as expense in Income and Expenditure A/c |
| ii) | Donations received for Swimming Pool is a | B | Capital Receipts |
| iii) | Donations received will be shown in | C | Capital Expenditure |
| D | Receipts side of Receipts and Payments Account |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – A, iii – D
c) i – D, ii – B, iii – D
d) i – C, ii – A, iii – B
Ans – c)
Match the following items:
| i) | Specific Donation | A | Income and Expenditure Account |
| ii) | General Donation | B | Balance Sheet |
| iii) | Legacy | C | Trading Account |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – A, iii – B
c) i – C, ii – B, iii – A
d) i – D, ii – C, iii – B
Ans – b)
Match the following items:
| i) | Information of cash position of Non Profit Organisation is provided by | A | Balance Sheet |
| ii) | Information of financial status of Non Profit Organisation is provided by | B | Receipts and Payments Account |
| C | Income and Expenditure Account | ||
| D | Subscription Account |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – B, ii – A
d) i – D, ii – C
Ans – c)
Match the following items in NPO:
| i) | Tournament Fund ₹80,000 and Tournament Expenses ₹70,000 | A | ₹40,000 is credited as Income and ₹25,000 is debited as Expenses. |
| ii) | Tournament Fund ₹80,000 and Tournament Expenses ₹1,00,000 | B | ₹50,000 is credited as Income and ₹60,000 is debited as Expenses. |
| iii) | Tournament Receipts ₹40,000 and Tournament Expenses ₹25,000 | C | ₹10,000 will be shown on Liabilities side of Balance Sheet. |
| iv) | Tournament Receipts ₹50,000 and Tournament Expenses ₹60,000 | D | ₹20,000 will be debited to Income and Expenditure Account. |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – A, iii – D, iv – C
c) i – C, ii – D, iii – A, iv – B
d) i – D, ii – A, iii – B, iv – C
Ans – c)
Match the following items in NPO:
| i) | Sale of sports materials | A | Revenue Receipts |
| ii) | Sale of sports equipment | B | Revenue Expenditure |
| iii) | Sale of old newspapers | C | Capital Receipt |
| D | Capital Expenditure |
Options
a) i – A, ii – B, iii – C
b) i – B, ii – D, iii – A
c) i – A, ii – C, iii – A
d) i – C, ii – A, iii – B
Ans – c)
Match the following items in NPO:
| i) | Amount paid for the stationery is shown in | A | Trading Account |
| ii) | Creditor for stationery is shown in | B | Receipts and Payment Account |
| iii) | Advance paid to supplier of stationery is shown in | C | Balance Sheet |
| iv) | Closing stock of stationery is shown in |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – C, iii – C, iv – C
c) i – C, ii – D, iii – A, iv – B
d) i – D, ii – A, iii – B, iv – C
Ans – b)
Match the following items:
| i) | How much amount will be shown in income and expenditure account if club has 500 members each paying an annual subscription of ₹100. The outstanding subscription for current year is ₹4,000. | A | ₹1,00,000 |
| ii) | How much amount will be shown in income and expenditure account is club has 500 members each paying an annual subscription of ₹200. Outstanding subscription for current year is ₹4,000 and subscription received in advance ₹1000. | B | ₹54,000 |
| C | ₹50,000 | ||
| D | ₹1,03,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – C, ii – A
Ans – d)
Match the following items:
| i) | Salary paid by the club is ₹1,50,000 in the current year, how much amount will be shown in the income & Expenditure account if the unpaid salary was ₹10,000 and salary paid in advance for the next year was ₹2,000. | A | ₹1,42,000 |
| ii) | Salary paid by club is ₹1,50,000 in current year, how much amount will be shown in income and expenditure account if unpaid salary was ₹7,000 for previous year and salary paid in advance for the next year was ₹2,000. | B | ₹1,58,000 |
| C | ₹1,55,000 | ||
| D | ₹1,41,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – B, ii – D
Ans – d)
Match the following items in NPO:
| i) | Amount paid for sports material during the year is ₹60,000; stock of sports material at the beginning and end of year ₹3,900 and ₹3,500. Creditors for sports materials at the beginning and end is ₹6,000 and ₹5,000. How much amount is shown on debit side of Income and Expenditure Account. | A | ₹60,400 |
| ii) | Purchase of sports material during the year is ₹60,000; stock of sports material at the beginning and end of year ₹3,900 and ₹3,500. Creditors for sports materials at the beginning and end is ₹60,00 and ₹5,000. How much amount is shown on debit side on Income and Expenditure Account. | B | ₹59,400 |
| C | ₹59,600 | ||
| D | ₹60,600 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – B, ii – A
d) i – C, ii – D
Ans – c)
