Practice Use Of Income (10.2.3) - Non-Trading Organisations - ICSE 11 Accountancy

Practice: Use of Income

Lesson 10.2.3Non-Trading Organisations

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8 questions

Flashcard drill
2 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
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is the primary purpose of income in non-trading organisations?
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Think about what non-profit means.
Question 2.
Name one source of income for a charitable organisation.
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Consider where charities usually get their funds from.
3Question 3.
What happens to the income earned by a non-trading organisation?
- Distributed to shareholders
- Reinvested into the organisation
- Saved in a bank
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Remember the purpose of a non-profit.
4Question 4.
True or False: Surplus income in non-trading organisations is distributed among the owners.
- True
- False
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Focus on 'not-for-profit' aspects.
Question 5.
Assess the potential impact of an increase in donation income for a local charity on its operational capabilities in the following year.
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Think about what additional resources can be funded with more income.
Question 6.
Develop a strategy that a non-trading organisation could implement to ensure sustainable income generation over the long term while maintaining its mission.
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Consider how various stakeholders could contribute and how funding can be maintained.

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