CMA Foundation Dec 2026 | Paper 2 FFCA — Not-for-Profit Organisation (NPO) ALL MCQs Solved

CMA Foundation December 2026 students — this video covers ALL MCQs on Not-for-Profit Organisation (NPO) from Paper 2 (FFCA), solved one by one with clear reasoning for each option. 📌 What's covered in this video: ✅ Life Membership Fees — why it's a capital receipt ✅ Subscription adjustments — opening/closing accrued and advance (Receipts & Payments vs Income & Expenditure) ✅ Specific Donation and Endowment Fund — capital receipt treatment ✅ Accumulated Fund / Capital Fund / General Fund — NPO's capital ✅ Surplus vs Deficit — credit balance in Income & Expenditure Account ✅ Subscription received in advance — calculation and balance sheet treatment ✅ Items included in Income & Expenditure Account (revenue items pertaining to the period) ✅ Income from special fund — where it's credited ✅ Free downloadable PDF with all solved MCQs 🎯 Subscription adjustment questions are the single most repeated MCQ pattern in CMA Foundation FFCA's NPO chapter — master the add/less logic in this video and you'll never miss these marks. 📥 FREE PDF DOWNLOAD: Link available in the description box below and pinned as the first comment. 💬 Got doubts on any question? Drop them in the comments — I'll help you out. ⏱️ TIMESTAMPS: 0:02 Intro — NPO MCQs 0:16 Life Membership Fees — Capital Receipt 0:42 Subscription Amount in Receipts & Payments 2:42 Subscription Recognized as Income (Accrual Basis) 4:51 Expense Adjustment — Paid to Income & Expenditure 5:34 Specific Donation — Capital Receipt 5:54 Endowment Fund — Special Fund Treatment 6:00 NPO — Income, Employees, No Shareholders 6:19 Credit Balance in Income & Expenditure (Surplus) 6:39 Accumulated Fund / Capital Fund / General Fund 6:55 Subscription Received — Receipts & Payments Calculation 8:15 Subscription Received in Advance — Balance Sheet Treatment 8:37 Items Shown in Income & Expenditure Account 10:23 Subscription Received in Advance — Calculation Example 12:05 Income from Special Fund — Credited To 👉 Subscribe for more CMA Foundation Paper 2 FFCA chapter-wise MCQ solving, free study material, and exam strategy. --- 🔗 Useful Links: Free PDF (NPO MCQs Solved): [link in description/pinned comment] Full ICMAI Question Bank Playlist: Must Do Kit For December 2026: ❓ FREQUENTLY ASKED QUESTIONS Q1. Why are life membership fees treated as a capital receipt in NPO accounting? A. Life membership fees are received only once from a member (not recurring like annual subscriptions), so they are treated as a capital receipt and added to the Capital/Accumulated Fund. Q2. How do you calculate the subscription figure to be shown in the Receipts and Payments Account? A. Add opening accrued (prior year's dues received this year) and any subscription received in advance for next year, then adjust for closing accrued and opening advance — essentially, show the total cash actually received during the year, regardless of which year it relates to. Q3. How do you calculate the subscription to be recognized as income in the Income & Expenditure Account? A. Start with subscription received (cash basis), add the closing accrued amount, deduct the opening accrued amount, deduct the closing advance amount, and add the opening advance amount — this converts the cash figure to an accrual basis for the current year only. Q4. What is the difference between specific donation and endowment fund in NPO accounting? A. Both are treated as capital receipts and shown on the liability side of the balance sheet as a special fund, since they are received for a specific purpose rather than for general use. Q5. What does a credit balance in the Income and Expenditure Account represent? A. A credit balance (credit side exceeding debit side) represents a surplus — the NPO's equivalent of net profit — which is added to the Capital/Accumulated Fund. Q6. What are the other names for the capital of a Non-Profit Organisation? A. The capital of an NPO is commonly called the Capital Fund, Accumulated Fund, or General Fund — all referring to the same concept. Q7. Where is subscription received in advance shown in the financial statements? A. Subscription received in advance is shown on the liability side of the balance sheet, since it relates to a future period and represents an obligation to provide services/membership for that period. 📚 Join Our CA/ CMA Foundation & Intermediate Classes 👉 Modes: Face-to-Face (Kolkata), Live Online, Google Drive, and Pendrive 📞 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: / 🌐 𝐕𝐢𝐬𝐢𝐭: ‎🌐 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩 𝐂𝐡𝐚𝐧𝐧𝐞𝐥: 🌐 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦: 🌐 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦: #CMAFoundation #FFCA #NPO #CMAFoundationDecember2026