Correct option is B
Libraries run by charitable trusts operate as not for profit organizations because they aim to provide services without the intention of making profits.
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Libraries run by charitable trusts are an example of
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CUET 2025 English Language Mock 01
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50 Questions
200 Marks
45 Mins
EnglishSimilar Questions
- 1)Libraries run by charitable trusts are an example of
- 2)The main source of revenue for 'not for profit' organisation is:
- 3)Select the amount of salary to be shown in Income and Expenditure Account at the end of current accounting year of a Not -for-Profit Organisation. Salary paid during the current accounting year is ₹26,000, which includes two months salary of previous year and one month salary of current year’ is still outstanding.
- 4)The opening stock of raw material is ₹40,000 while the closing stock of raw material is ₹60,000 and material consumed during the financial year is of ₹1,90,000. Calculate the amount of material purchased during the current year.
- 5)Excellent Sports Club received subscription of ₹4,70,000 during the year 2022-23. The following information was available:
Calculate subscription income for the year ended on March 31, 2023. - 6)Select the item that does not appear in the Receipt and Payment account of a Not-for-Profit Organisation.
- 7)Identify which of the following is prepared on accrual basis:
- 8)Identify, which one of the following will be posted in the Income and Expenditure Account?
- 9)The income arising from bequest or gifts used for specific purpose is termed as____.
- 10)Libraries run by charitable trusts are an example of
