CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Quiz 5

CBSE › Class 12 › Accountancy › Accounting for Not for Profit Organisation

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1. The main object of non-profit organisation is:

A To earn Profit B To Serve the Society C To Prepare Profit & Loss A/c D All the above

2. Subscription received by an organisation is:

A Capital Receipt B Revenue Receipt C Both (a) and (b) D None of the above

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