Download App

Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
MCQ
Subscriptions received from the members is considered as $.........$ receipts.
  • A
    capital
  • ✓
    revenue
  • C
    non-recurring
  • D
    commercial
✓

Answer

Correct option: B.
revenue

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Select the correct option (MCQ)" from Accounts of ‘Not for Profit’ Concerns→Accounts of ‘Not for Profit’ Concerns — all question types→Book Keeping & Accountancy STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Noting charges are borne by ______________
→
$A, B$ and $C$ are partners sharing profits in the ratio of $5 : 3 : 2$. If B retires then new ratio will be $.........$
→
$A , B$ and $C$ are partners, sharing profits and losses in the ratio of $\frac{1}{2}, \frac{1}{3}$ and $\frac{1}{6}$ respectively, if $B$ retires, the new ratio will be
→
Gain ratio is calculated on _____________
→
Computer, disk drives, monitors, printers, etc. are included in $.........$
→
Income received in advance is shown on _____________ side of the Balance Sheet.
→
Credit balance of Profit and Loss Account indicates _____________
→
Outstanding subscription at the end of the Accounting Year represents ___________
→
Purchases of stationery is a $.........$ expenditure.
→
Amount irrecoverable from debtors is known as _____________
→