Practice Non-trading Organisations (10) - Non-Trading Organisations - ICSE 11 Accountancy

Practice: Non-Trading Organisations

Lesson 10Non-Trading Organisations

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10 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is a non-trading organisation?
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Think of the purpose of charities.
Question 2.
Name one source of funds for non-trading organisations.
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Consider what people might contribute to support these organisations.
3Question 3.
What defines a non-trading organisation?
- A) Focuses on profit
- B) Serves public interest
- C) Operates like a business
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Remember the primary goal.
4Question 4.
True or False: Non-trading organisations distribute profits to shareholders.
- True
- False
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Think about the structure of these organisations.
Question 5.
A non-trading organisation received ₹10,000 as donations but spent ₹6,000 on operational costs last year. They also have ₹2,000 in subscriptions received in advance. Calculate their surplus and provide a brief justification.
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Think about how advance subscriptions impact the calculations.
Question 6.
Discuss the impact of failing to report accrued income in the Income and Expenditure Account for a non-trading organisation. What are potential consequences?
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Consider how it could affect funding from donors.

6 more questions in this section. Enroll free to practise them all.