NON PROFIT ORGANISATIONS- QUIZ 2

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:

Subscription received in advance during the current year is:

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 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?

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.

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 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 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.

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.