Question 42 Accountancy 2026 Medium MCQ +4.00 marks

The Receipts and Payments Account of a Not-for-Profit Organisation is similar to a:

A. Trading Account B. Real Cash Book summary C. Balance Sheet D. Profit and Loss Account

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More CUET Accountancy 2026 questions to practise

Which of the following is true about a 'Not-for-Profit Organisation'?

When shares are forfeited, the Share Capital Account is:

The ratio of net profit to net sales is called:

Which of the following errors affects the Trial Balance?

A 'Contingent Liability' is:

The book in which all accounts are maintained is called:

Which account is prepared to find out gross profit or gross loss?

Capital Reserve is generally created out of: