Capital fund is calculated:
A) Income-Expenditure
B) Assets Liabilities
C) Capital + Liabilities
D) None of these
Correct Answer:
Verified
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
Q12: In case specific fund is maintained, the
Q13: All receipts from sale of consumable items
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
Q18: Receipts and Payments Account usually indicates:
A)Surplus
B)Capital fund
C)Debit
Q19: Income and Expenditure Account generally indicates:
A)Surplus/ deficit
B)Cash
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