Try 2 sample questions on Accounting for Non-Profit Organisations
Question 1 · 1 mark · Difficulty 1/3
The Castries Community Cricket Club maintains records of its financial activities. Which of the following is the PRIMARY purpose of preparing financial statements for a non-profit organisation?
- To calculate profits for distribution to members
- To show accountability for funds received and spent
- To determine the amount of dividends payable
- To calculate corporation tax liability
Show answer & explanation
✓ Answer: B — To show accountability for funds received and spent
Award 1 mark for identifying accountability as the primary purpose. A is incorrect — non-profit organisations do not distribute profits to members. C is incorrect — dividends are paid by profit-making companies, not non-profit organisations. D is incorrect — non-profit organisations are typically exempt from corporation tax on their primary activities.
Question 2 · 1 mark · Difficulty 2/3
The Barbados Netball Association operates a small canteen for members. The bar trading results show: opening inventory $2,400, purchases $18,600, closing inventory $3,100, and sales $24,500. What is the gross profit from bar trading?
- $6,500
- $6,600
- $7,400
- $7,600
Show answer & explanation
✓ Answer: B — $6,600
Award 1 mark for correct calculation. Cost of sales = $2,400 + $18,600 − $3,100 = $17,900. Gross profit = $24,500 − $17,900 = $6,600. A is incorrect — this ignores the inventory adjustment. C incorrectly adds closing inventory to cost of sales. D confuses the treatment of opening and closing inventories.
CXC CSEC Principles of Accounts: Accounting for Non-Profit Organisations FAQ
How many CXC CSEC Principles of Accounts questions on Accounting for Non-Profit Organisations are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Accounting for Non-Profit Organisations for CXC CSEC Principles of Accounts, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CXC paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CXC CSEC students preparing for Principles of Accounts?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Accounting for Non-Profit Organisations practice with other Principles of Accounts topics or even switch to a totally different CXC subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Accounting for Non-Profit Organisations questions aligned to the official CXC CSEC Principles of Accounts syllabus?
Every question is written against the published CXC CSEC Principles of Accounts specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CXC.
How is Accounting for Non-Profit Organisations typically tested on CXC CSEC Principles of Accounts papers?
Accounting for Non-Profit Organisations appears across multiple question types on real CXC CSEC Principles of Accounts papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.