Practise 28 real Federal Board questions on Non-Trading Concerns from 2023 to 2026. See the answer and explanation as soon as you answer.
Non-Trading Concerns is one of the 10 main chapters in our Federal Board I.Com Accounting question bank (12th class), and about 7% of its real questions come from it. Tayyari Karo has 28 real questions on this chapter from 2023 to 2026; 16 are multiple choice and marked instantly, and the rest are short and long questions with a model answer. By difficulty: 14 medium, 11 easy, 3 hard.
Work through the questions below, then open the explanation for each one. Redo the ones you missed a few days later.
These are real past-paper questions. Think of your answer first, then open the explanation.
Receipt and payment account is a summary of a:
Answer: A. Cash book
The Receipt and Payment account is essentially a summarized form of the cash book, prepared by non-trading concerns.
Subscription received relating to current year is a/an:
Answer: A. Income
Subscription received for the current accounting year is revenue income of that year, credited to the Income and Expenditure account.
Which of the following is an example of non-profit making organization?
Answer: C. Trust hospital
A trust hospital, run by a charitable trust for public welfare rather than profit, is a non-profit making organization.
The amount paid to persons who are invited to deliver lectures in a club is known as:
Answer: C. Honorarium
Honorarium is the token payment made to a guest lecturer/speaker for their voluntary services.
A person who is elected to run the club is called:
Answer: B. Secretary
The secretary is typically elected to manage the day-to-day administration and running of a club/society.
Non-profit making organizations:
Answer: D. Work for social welfare
Non-profit organizations (clubs, societies, charities) exist to provide services and work for social welfare, not to earn profit through trading.
Write any "Three" differences between "Cash book" and "Receipt and Payment account".
(1) Cash Book is maintained continuously through the year by a trading business; Receipt and Payment account is prepared at year end, mainly by non-trading concerns.
(2) Cash Book shows a running day-to-day balance; Receipt and Payment account shows only period totals.
(3) Cash Book is part of the double entry ledger system; Receipt and Payment account is a summary not further posted to any ledger.
Write three differences between 'Cash Book' and 'Receipts and Payment account'.
(1) A Cash Book is a book of original entry maintained continuously throughout the year for a business; a Receipts and Payment account is prepared at the end of the year, summarizing the cash book, mainly by non-trading concerns.
(2) The Cash Book shows a running/day-to-day balance; the Receipts and Payment account shows only totals for the whole period, classified under headings.
(3) The Cash Book is part of the double entry system (posted to ledger); the Receipts and Payment account is a summary/extract, not itself posted further, though it forms the basis for the Income and Expenditure account.
| Session | Questions |
|---|---|
| 2026 Annual | 4 |
| 2025 1st Annual | 5 |
| 2025 2nd Annual | 7 |
| 2024 Annual | 6 |
| 2023 Annual | 6 |
28 real Federal Board (FBISE) Accounting questions on Non-Trading Concerns from 2023 to 2026, for 12th class. Each one shows the session it came from.
No. We could not find an official FBISE marking scheme for these papers, so the answers and explanations are written by Tayyari Karo for practice. Check anything important with your teacher or textbook.
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