In case specific fund is maintained, the expenses exceeding the amount of the fluids, should be recorded on:
A) Liabilities side of the Balance Sheet
B) Debit side the Income and Expenditure Account
C) Credit side of the Income and Expenditure Account
D) Assets side of the Balance Sheet
Correct Answer:
Verified
Q7: ) A Receipts and Payments Account is
Q8: Charitable Organizations promote welfare of the common
Q9: A Receipts and Payments Account record only
Q10: Receipts and Payments A/c is a summary
Q11: Out of the following items, which one
Q13: All receipts from sale of consumable items
Q14: Capital fund is calculated:
A)Income-Expenditure
B)Assets Liabilities
C)Capital + Liabilities
D)None
Q15: Subscription received in advance during the current
Q16: Balance of Income and Expenditure Account shows:
A)Cash
Q17: Property received as a result of the
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