ACCOUNTANCY- QUIZ-2 NON PROFIT ORGANISATIONS

Subscriptions received during the year 2020-21 is ₹1,50,000; outstanding subscription as on 31st march, 2020 is ₹1,00,000. The amount shown as subscription will be:

Calculate the amount of subscriptions that will be treated as an income if subscriptions received during the year ended 31st march, 2021 is ₹25,000; subscriptions outstanding in the beginning of the year ended 31st march, 2021 is 3,000 and subscriptions not yet collected for the year ended 31st march, 2021 is ₹5,000.

Calculate the amount of stationery to be posted in income and expenditure account if amount paid for stationery during the year ended is ₹5,400 and the stock of stationery on hand is ₹250.

Calculate the amount of stationery to be posted in income and expenditure account if stock of stationery in hand at the beginning is 1,500, payment made for the stationery is ₹ 5,400 and the stock of stationery at the end of the year is ₹250.

Calculate the amount of subscriptions that will be treated as an income if subscriptions collected during the year ended 31st march 2021 is ₹2,50,00; subscriptions in the arrear for the year ended 31st march, 2021 is ₹6,000 and subscriptions received in advance for the year ended 31st march 2022 is ₹5,000.

Calculate the amount of medicines consumed if opening stock of medicines is ₹50,000; closing stock of medicines is ₹45,000 more than the opening stock; amount paid for the medicines during the year is ₹2,00,000; opening creditors is ₹20,000 and closing creditors is 50% of the opening creditors.

What will the amount of stationery to be posted in income and expenditure account if opening stock of stationery is ₹15,000, payment made for stationery during the year is ₹54,000 and closing stock of stationery is ₹2,500.

Calculate the amount of credit purchase if creditors for stationery at the beginning is ₹4,600; creditors at the end of the year is ₹11,800 and payment made to creditors during the year is ₹56,800.

Calculate the purchase of the sports materials if opening stock is ₹6,200 and closing stock is ₹4,800; opening creditors is ₹9,800 and closing creditors is ₹7,200; advance supplied to suppliers is ₹11,000 and advance supplied at the end of the year is ₹19,000?

Subscription received in advance during the current year is: