Out of the following items, which one is shown in the Receipts and Payments Account?
A) Outstanding Salary
B) Depreciation
C) Life Membership Fees
D) Accrued Subscription
Correct Answer:
Verified
Q6: The fees received from life members is
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
Q12: In case specific fund is maintained, the
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
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