Chapter No. 1 – Financial Statement of Not-For-Profit Organisations

Book Solutions

The Not-for-profit organisations is that organisation which did not do their work for earning profit rather than its main objective is to do work to achieve a specific goal for the welfare of society or its members. This is also known as non-profit organisations.

The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee. 

Examples: –

  • Charitable Hospital
  • Charitable School, College or Educational Institutions
  • Particulars Club of any Society, Colony or city
  • Gurudwaras, Temple, Church and Masjids

Chapter No. 1 – Financial Statement of Not-For-Profit Organisations

Question No.1 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 1 Chapter 1 of +2-A EXERCISE Receipts and Payment Account 1. From the information given below, prepare Receipts and Payment Account of Railway Club for the Year ended 31st ...
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Question 2 Chapter 1 of 2 A 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 2 Chapter 1 of +2-A EXERCISE Receipts and Payment Account 2. Bengal Cricket Club was Inaugurated on 1st April 2018. It had the following Receipts and Payments during the ...
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Question No.3 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 3 Chapter 1 of +2-A 3. The following information was obtained from the books of Delhi Club as on 31st March 2019 at the end of the first year ...
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Question No.4 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 4 Chapter 1 of +2-A 4. From the following information, prepare Receipts and Payments Account of Long town Sports Club for the year ending 31st March 2019 Receipts Amount ...
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Question No.5 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 5 Chapter 1 of +2-A 5. From the following particulars of Evergreen Club, prepare Receipts and Payments. Account for the year ended 31st March 2019: Receipts Amount Payments Amount ...
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Question No.6 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 6 Chapter 1 of +2-A 6. How are the following items shown in the accounts of a Not-for-Profit Organisation? Rs Tournament Fund 50,000 Tournament Expenses 15,000 Receipts from Tournament ...
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Question No.7 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 7 Chapter 1 of +2-A 7. How are the following dealt with in the accounts of a Not-Profit Organisation? CaseI Debit Credit CaseII Debit Credit 50,000 Match Fund 50,000 ...
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Question No.8 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 8 Chapter 1 of +2-A 8. How are the following dealt with while preparing the final accounts of a club? Particulars Debit Credit Match Fund 80,000 Match Fund Investments ...
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Question No.9 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 9 Chapter 1 of +2-A 9. From the following information of a club show the amounts of match expenses and match fund in the appropriate Financial Statements of the ...
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Question No.10 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 10 Chapter 1 of +2-A 10. Show how are the following items dealt with while preparing the final accounts for the year ended 31st March 2019 of a Not-for-Profit ...
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Question No.11 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 11 Chapter 1 of +2-A Entrance Fees 11. How is Entrance Fees dealt with while preparing the final accounts for the year ended 31st March 2019 in each of ...
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Question No.12 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 12 Chapter 1 of +2-A Calculation of Amount of Subscriptions 12. In the year ended 31st March 2019 subscription received by the Jaipur Literary Society was Rs 4,20,000. These ...
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Question No.13 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 13 Chapter 1 of +2-A 13. Subscription received during the year ended 31st March 2019 are: For the year ended 31st March 2018 1,600For the year ended 31st March ...
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Question No.14 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 14 Chapter 1 of +2-A 14. In the year ended 31st March 2019, Subscriptions received by Kings Club, Delhi was Rs 4,09,000 including Rs 5,000 for the year ended ...
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Question No.15 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 15 Chapter 1 of +2-A 15. From the following information, calculate the amount of subscription to be credited to the Income and Expenditure Account for the year ended 31st ...
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Question No.16 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 16 Chapter 1 of +2-A 16. Calculate the number of subscriptions which will be treated as income for the year ended 31st March 2019 for each of the following ...
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Question No.17 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 17 Chapter 1 of +2-A 17. From the Following Particulars, Calculate the number of subscriptions to be credited to the Income and Expenditure Account for the year ended 31st ...
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Question No.18 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 18 Chapter 1 of +2-A 18. How are the following items of subscription shown in the Income and Expenditure Account for the year ended 31st March 2019 and Balance ...
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Question No.19 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 19 Chapter 1 of +2-A 19. From the following information, calculate the number of subscriptions outstanding for the year ended 31st March 2019:A club has 200 members each paying ...
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Question No.20 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 20 Chapter 1 of +2-A 20. From the following information prepare Subscription Account for the year ending 31st March 2019 Particulars 31st March 2018 31st March 2019 Rs. Rs ...
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Question No.21 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 21 Chapter 1 of +2-A 21. On the basis of information given below, calculate the number of medicines to be debited to the income and expenditure account of Good ...
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Question No.22 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 22 Chapter 1 of +2-A 22. Calculate the number of medicines consumed during the year ended 31st March 2019: Opening Stock of Medicines 1,00,000 Opening Creditors for Medicines 18,20,700 ...
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Question No.23 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 23 Chapter 1 of +2-A 23. Calculate the amount to be posted to the Income and Expenditure Account for the year ended 31st March 2019: Amount paid for stationery ...
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Question No.24 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 24 Chapter 1 of +2-A 24. On the basis of the following information, calculate the amount that will appear against the item “Stationery Used” in the Income and Expenditure ...
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Question No.25 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 25 Chapter 1 of +2-A 25. Calculate the amount that will be posted to the Income and Expenditure Account for the year ended 31st March 2019: The stock of ...
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Question No.26 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 26 Chapter 1 of +2-A 26. Calculate the amount of sports material to be transferred to Income and Expenditure Account of Raman Bhalla Sports Club, Ludhiana, for the year ...
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Question No.27 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 27 Chapter 1 of +2-A 27. How are the following dealt with while preparing the final accounts for the year ended 31st March 2019 RECEIPTS AND PAYMENT ACCOUNT(AN EXTRACT) ...
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Question No.28 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 28 Chapter 1 of +2-A 28. How are the following dealt with while preparing the final accounts for the year ended 31st March, 201? RECEIPTS AND PAYMENT ACCOUNT(AN EXTRACT) ...
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Question No.29 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 29 Chapter 1 of +2-A 29. How are the following dealt with while preparing the final accounts for the year ended 31st March 2019? RECEIPTS AND PAYMENT ACCOUNT(AN EXTRACT) ...
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Question No.30 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 30 Chapter 1 of +2-A 30. From the following information of a Not-for-Profit Organisation show the ‘Sports Materials’ item in the Income and Expenditure Account for the year ended ...
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Question No.31 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 31 Chapter 1 of +2-A Calculation of Gain (Profit) or Loss on Sale of Fixed Assets 31. The book value of furniture on 1st April 2018 is Rs. 60,000 ...
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Question No.32 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 32 Chapter 1 of +2-A 32. Delhi Youth Club has furniture at a value of Rs. 2,20,000 in its book on 31st March 2018. It sold old furniture, having ...
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Question No.33 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 33 Chapter 1 of +2-A Calculation of the Number of Expenses 33. In the year ended 31st March 2019 salaries paid amounted to Rs. 2,04,000. Ascertain the amount chargeable ...
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Question No.34 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 34 Chapter 1 of +2-A Calculation of the Amount of Income to be Credited to Income and Expenditure Account 34. How are the following items dealt with while preparing ...
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Question No.35 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 35 Chapter 1 of +2-A Preparation of Income and Expenditure Account 35. Prepare Income and Expenditure Account for the year ended 31st March 2019 from the following:- RECEIPTS AND ...
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Question No.36 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 36 Chapter 1 of +2-A 36. Prepare Income and Expenditure Account from the following Receipts and Payments Account of Delhi Nursing Society for the year ended 31st March 2019: ...
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Question No.37 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 37 Chapter 1 of +2-A 37. Following is the Receipts and Payments Account of You Bee Forty Club for the Year ended 31st March 2019: RECEIPTS AND PAYMENTS ACCOUNT ...
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Question 38 Chapter 1 of 2 A min 360x203 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 38 Chapter 1 of +2-A 38. From the following Receipts and Payments Account of Jaipur Sports Club, Prepare Income and Expenditure Account for the year ended 31st March 2019: ...
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Question No.39 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 39 Chapter 1 of +2-A 39. Following is the information is given in respect of certain items of a Sports Club. Shows these items in the income and Expenditure ...
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Question No.40 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 40 Chapter 1 of +2-A 40. Prepare Income and Expenditure Account from the following particulars of  Youth Club for the year ended on 31st March 2018 RECEIPTS AND PAYMENTS ...
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Question No.41 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 41 Chapter 1 of +2-A 41. Following is the Receipts and Payments Account of Delhi Football Club for the year ended 31st March 2019: RECEIPTS AND PAYMENTS ACCOUNT for ...
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Question No.42 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 42 Chapter 1 of +2-A Preparation of the Income and Expenditure Account and Balance Sheet from Receipts and Payments Account with Additional Information 42. Following is the summary of ...
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Question No.43 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 43 Chapter 1 of +2-A 43. From the following Receipts and Payments Account of Social Club and the information supplied, prepare Income and Expenditure Account for the year ended ...
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Question No.44 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 44 Chapter 1 of +2-A 44. From the following Receipts and Payments Account and additional information is given below, prepare Income and Expenditure Account and Balance Sheet of Rural ...
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Question No.45 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 45 Chapter 1 of +2-A 45. Glaxo Club’s Balance Sheet as at 1st April 2018 was as under: Liabilities  Rs. Assets Rs.  Capital Fund 2,00,000 Sports Equipment 50,000 Tournament ...
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Question No.46 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 46 Chapter 1 of +2-A 46. From the following Receipts and Payments Account and additional information relating to the star Cricket Club, prepare Income and Expenditure Account for the ...
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Question No.47 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 47 Chapter 1 of +2-A 47. From the following Receipts and Payments Account of Mumbai Theatre Club, prepare Income and Expenditure Account for the year ended 31st March 2019 ...
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Question No.48 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 48 Chapter 1 of +2-A 48. Following Receipts and Payments Account was prepared from the Cash Book of Delhi Charitable Trust for the year ending 31st March 2019: RECEIPTS ...
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Question No.49 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 49 Chapter 1 of +2-A 49. Given Below is the Receipts and Payments Account of a Mayur Club for the year ended 31st March 2019: RECEIPTS AND PAYMENTS ACCOUNT ...
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Question No.50 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 50 Chapter 1 of +2-A 50. From the following Receipts and Payments Account of Kapil Dev Club and from the given additional information, prepare Income and Expenditure Account for ...
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Question 51 Chapter 1 of 2 A min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 51 Chapter 1 of +2-A From the following information and Receipts and Payments Account of Delhi Medical Society, prepare Income and Expenditure Account for the year ended 31st March ...
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Question 52 Chapter 1 of 2 A min 360x203 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 52 Chapter 1 of +2-A From the following information and Receipts and Payments Account of Delhi Medical Society, prepare Income and Expenditure Account for the year ended 31st March ...
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Question No.53 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 53 Chapter 1 of +2-A 53. From the following particulars relating to the Ramakrishna Mission Charitable Hospital, prepare Income and Expenditure Account for the year ended 31st March 2019 ...
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Question No.54 Chapter No.1 T.S. Grewal 2 Book Part A 2019 Solution min min 360x202 - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
Question 54 Chapter 1 of +2-A 54. Following is the Receipt and Payment Account of Women's Welfare Club for the year ended 31st March 2019: RECEIPTS AND PAYMENTS ACCOUNT for ...
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Check out T.S. Grewal Book Keeping +2 @ Official Website of Sultan Chand Publication

2 Book 1 min - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)