Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solution

Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution

Meaning of Not-for-Profit Organisations: –

Not-for-profit organisations are that organisations that did not do their work to earn profit rather than their main objective are to do work to achieve a specific goal for society’s welfare or its members. These are also known as non-profit organisations.

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

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

Check out the full article: –

Not-for-Profit Organisations – Meaning and Overview

Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solutions are shown below: –

Q 1 CH 1 Usha 2 Book 2020 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 01 Chapter 1 of +2 Part-1 1. (Subscription)Calculate subscription income from the following details obtained from Tendulkar Club.   ...
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Q 2 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 02 Chapter 1 of +2 Part-1 2. (Subscription) Find out the amount to be credited to Income and Expenditure ...
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Q 3 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 03 Chapter 1 of +2 Part-1 3. (Subscription) From the following information, calculate the amount of subscription to be ...
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Q 4 CH 1 Usha 2 Book 2018 Solution min 1 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 04 Chapter 1 of +2- Part-1 4. (Subscription) Find out the income from the subscription of India Hockey Club: ...
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Q 5 CH 1 Usha 2 Book 2018 Solution min 1 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 05 Chapter 1 of +2- Part-1 5. (Subscription) Receipts and Payments account of Rotary Club disclosed that it has ...
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Q 6 CH 1 Usha 2 Book 2018 Solution min 1 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 06 Chapter 1 of +2 Part-1 6. (Subscription Account) Prepare subscription account from the information given below:     ...
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Q 7 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 07 Chapter 1 of +2 Part-1 7. (Subscription) Find out the amount of subscription to be credited to Income ...
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Q 8 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 08 Chapter 1 of +2- Part-1 8. How will you deal with the following items while preparing the Income ...
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Q 9 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 09 Chapter 1 of +2-Part-1 9. Subscriptions received during the year ended March 31, 2015, by Indus Club were ...
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Q 10 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 10 Chapter 1 of +2- Part-1 10. Find out the amount of subscription to be shown in the Income ...
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Q 11 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 11 Chapter 1 of +2-Part-1 11. You are required to show subscription in Income and Expenditure account and relevant ...
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Q 12 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 12 Chapter 1 of +2-Part-1 12. Extracts of Receipts and Payments account for the year ended 31-3-2015 are given ...
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Q 13 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 13 Chapter 1 of +2- Part-1 13. (Subscription) There are 900 members in a society, each paying an annual ...
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Q 14 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 14 Chapter 1 of +2-Part-1 14. A club has 300 members. Each member pays Rs.100 annual subscription. Subscription Rs.2,800 ...
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Q 15 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 15 Chapter 1 of +2 Part-1 15. (Medicine Consumption) Calculate the amount of expenditure on medicine to be debited ...
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Q 16 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 16 Chapter 1 of +2- Part-1 16. (Sports Material Consumption/B/S Treatment) Show the treatment of the following items in ...
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Q 17 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 17 Chapter 1 of +2-Part-1 17. (Stationary Consumption) Calculate what amount should be posted to the Income and Expenditure ...
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Q 18 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 18 Chapter 1 of +2-Part-1 18. (Sports Material Consumption) Calculate the amount of sports material to be charged to ...
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Q 19 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 19 Chapter 1 of +2-Part-1 19. (Stationary Consumption) Calculate the amount to be posted to the Income and Expenditure ...
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Q 20 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 20 Chapter 1 of +2-Part-1 20. (Stationary Consumption) Calculate the amount of stationary to be posted in Income and ...
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Q 21 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 21 Chapter 1 of +2-Part-1 21. (Stationary Consumption)Calculate the amount to be posted to Income and Expenditure account as ...
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Q 22 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 22 Chapter 1 of +2-Part-1 22. (Treatment of Expenses/B/S Treatment) During the year 31-3-2015, the expenses actually paid were ...
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Q 23 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 23 Chapter 1 of +2-Part-1 23. (Treatment of Expenses) Calculate actual expenses chargeable to Income and Expenditure account for ...
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Q 24 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 24 Chapter 1 of +2-Part-1 24. (Treatment of Expenses) Find out the expenses to be charged to Income and ...
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Q 25 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 25 Chapter 1 of +2-Part-1 25. (Treatment of Interest received) Calculate the interest to be credited to Income and ...
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Q 26 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 26 Chapter 1 of +2-Part-1 26. (Treatment of Interest received) Calculate the amount of interest to be credited to ...
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Q 27 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 27 Chapter 1 of +2-Part-1 27. (Treatment of Prize Fund) How the following information will appear in the Balance ...
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Q 28 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 28 Chapter 1 of +2-Part-1 28. (Treatment of Election Fund) How the following information will appear in the Balance ...
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Q 29 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 29 Chapter 1 of +2-Part-1 29. (Treatment of Sports Fund) How will you deal with sports fund items, while ...
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Q 30 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 30 Chapter 1 of +2-Part-1 30. (Depreciation) Calculate the amount of depreciation to be charged to Income and Expenditure ...
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Q 31 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 31 Chapter 1 of +2-Part-1 31. (Depreciation/GST) From the following information calculate the amount of depreciation to be charged ...
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Q 32 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 32 Chapter 1 of +2-Part-1 32. The book value of the furniture on 1st Jan. 2015 was Rs.54,000. On ...
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Q 33 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 33 Chapter 1 of +2-Part-1 33. (Trading and Profit & Loss/Income & Expenditure Account) Ambala Charitable Hospital runs a ...
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Q 34 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 34 Chapter 1 of +2-Part-1 34. (Receipts and Payments Account) The following information relates to the affairs of the ...
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Q 35 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 35 Chapter 1 of +2-Part-1 35. (Income & Expenditure Account/GST) The following is the Receipts and Payments Account of ...
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Q 36 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 36 Chapter 1 of +2-Part-1 36. (Income & Expenditure Account) Given below is the Receipts and Payments Account of ...
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Q 37 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 37 Chapter 1 of +2-Part-1 37. (Income & Expenditure A/c/ Donation, Life membership fees, Entrance fees) The Receipts and ...
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Q 38 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 38 Chapter 1 of +2-Part-1 38. (I & EA/c/ Donation/ B/S/ Opening Fund Required/ GST) Following is the Receipts ...
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Q 39 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 39 Chapter 1 of +2-Part-1 39. (I & EA/c/ B/S/ Opening Capital Fund) Following is the Receipts and Payments ...
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Q 40 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 40 Chapter 1 of +2-Part-1 40. (I & E A/c/ B/S/ Donation and Legacies/GST) Following Receipts and Payments Account ...
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Q 41 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 41 Chapter 1 of +2-Part-1 41. (I & E A/c/ B/S/ Depreciation on Sports Equipment)The treasurer of a Social ...
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Q 42 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 42 Chapter 1 of +2-Part-1 42. (I & E A/c/ B/S/ Subscriptions) Following Receipts and Payments Account of Super ...
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Q 43 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 43 Chapter 1 of +2-Part-1 43. (I & E A/c/ B/S/ Furniture) Following Receipts and Payments Account of Hero ...
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Q 44 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 44 Chapter 1 of +2-Part-1 44. (I & E A/c/ B/S) Following Receipts and Payments Account has been prepared ...
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Q 45 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 45 Chapter 1 of +2-Part-1 45. (I & E A/c/ B/S/ Furniture) Following is the summary of cash transactions ...
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Q 46 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 46 Chapter 1 of +2-Part-1 46. (I & E A/c/ B/S) Given below is the receipts and payments account ...
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Q 47 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 47 Chapter 1 of +2-Part-1 47. (I & E A/c/ B/S) Following is the Receipts and Payments account of ...
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Q 48 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 48 Chapter 1 of +2-Part-1 48. (I & E A/c/ B/S) From the trial balance and other information, given ...
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Q 49 CH 1 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 49 Chapter 1 of +2-Part-1 49. (Trading a/c, I & E A/c/ B/S) The balance sheet of Royal Western ...
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Q 50 CH 1 Usha 2 Book 2018 Solution min 1 360x203 - Chapter No. 1 - Accounting Not for Profit Organisations - USHA Publication Class +2 - Solution
Question 50 Chapter 1 of +2-Part-1 50. (I & E A/c/ B/S) Youngmen’s Club prepared the following Receipts and Payments ...
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