Top 50+ Solved Final Accounts Charitable Trust MCQ Questions Answer
Q. Which of the following is not an income ?Sol:
a. Subscription
b. Donation
c. Sale of ticket
d. Endowment Fund
Q. Subscription received by an organisation is:Sol:
a. Capital Receipt
b. Revenue Receipt
c. Both (a) and (b)
d. None of the above
Q. Not-for-profit organisations are based on…………………………theory.Sol:
a. Fund
b. Surplus
c. Profit
d. Expenses
Q. The not for profit concerns prohibit the payment of any ………………………to theirmembersSol:
a. Dividend
b. Loss
c. Assets
d. Expenditure
Q. The primary motive of Charitable Trust organizations is to provide…………………….Sol:
a. Fund
b. Servive
c. Profit
d. Loss