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Not For Profit Questions

Practice 9 Not For Profit questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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9
Total Questions
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1
Easy
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7
Medium
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1
Hard
Practice by Exam:CUET Accountancy(8)Accountancy(1)

About Not-for-Profit — practice questions, PYQs & concepts

Not-for-Profit is a frequently-tested topic on CUET Accountancy, Accountancy. ExamTest.live currently lists 9 Not-for-Profit questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Not-for-Profit weight in competitive exams

Across our Not-for-Profit question bank, the largest sources are CUET Accountancy (8) and Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

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All Not For Profit Questions(1–9 of 9)

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Q1mediummcqAccountancyCUET Accountancy 2022 30 Aug Shift 22026
Identify the steps in preparation of final accounts of not for profit organisation (NPO)A. Prepare Balance Sheet of NPOB. Prepare Income and Expenditure Account from Receipts and payment AccountC. Prepare Receipts and payment AccountD. Adjust outstanding/prepaid expenditure/Income and determine surplus/ DeficitE. Prepare cash bookChoose the correct answer from the options given below:
Q2hardmcqCUET AccountancyCUET Accountancy 16 July Shift 22026
From the Receipts and Payments account for the year ending 31.3.22, Locker Rent received is ₹17,050.Additional Information:Locker rent outstanding for the year 2020-21 was ₹3,050.Locker rent outstanding for the year 2021-22 is ₹1,500.Locker rent received in advance at the end of the current year (i.e., on 31.3.22) is ₹1,000.What amount of Locker Rent will be shown in the Income and Expenditure A/c?
Q3mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The Life Membership fees received from the 10 members is:
Q4mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
There are 500 members in a Rotary club, each paying ₹1,000 as an annual subscription. During the current financial year, 100 members paid only a partial subscription amounting to ₹80,000 in total. 10 members left without giving any subscription for the year. The actual amount of subscription cash received during the current financial year will be:
Q5mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The amount of recurring subscription revenue credited to the Income and Expenditure Account during the year will be:
Q6mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information (Questions 41-45):Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The land donated by the deceased neighbor Ishwar under his will is classified as:
Q7mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: The accounting treatment for the expenditure incurred on the construction of the pavilion (₹20,00,000) is:
Q8mediummcqCUET AccountancyCUET Accountancy 16 July Shift 22026
A club has an opening balance of ₹8,50,000 in the Match Fund. Donations received for matches during the current year amounted to ₹4,25,000. Sale of match tickets amounted to ₹1,15,000. Match expenses incurred were ₹14,00,000. The balance in the Match Fund at the year-end will be:
Q9easymcqCUET AccountancyCUET Accountancy 16 July Shift 22026
Case Study Information:Pragya Madan, an ex-Indian hockey player, decided to start a hockey academy named "Bright Hockey Academy" on 1st April 2022 to train young girls.Her neighbor, Ishwar, died and willed his land to start the academy.Her father, Ramkumar, spent ₹20,00,000 for the construction of a pavilion.100 young girls joined the academy and paid an annual subscription of ₹1,000 each.10 members paid a single amount of ₹25,000 each to obtain life membership.Hockey sticks and balls purchased during the year amounted to ₹27,000. Closing stock of these items is nil.Question: Sports material consumed during the financial year 2022-2023 will be:

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Not For Profit questions are commonly asked in CUET Accountancy, Accountancy. You can filter by exam using the links above.
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