Not-for-profit organisations are based on…………………………theory.
A) Fund
B) Surplus
C) Profit
D) Expenses
Correct Answer:
Verified
Q15: Income and Expenditure Account records transactions of:
A)Capital
Q16: Life membership fee received by a club
Q17: All receipts of capital nature are shown
Q18: All items of revenue in nature are
Q19: Which of the following is not a
Q20: Subscriptions received in advance by a club
Q21: Which of the following is not an
Q22: Subscription received by an organisation is:
A)Capital Receipt
B)Revenue
Q24: The not for profit concerns prohibit the
Q25: The primary motive of Charitable Trust organizations
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