Balance of Income and Expenditure Account shows:
A) Cash in hand
B) Capital fund
C) Net Profit
D) Excess of Income over expenditure or vice versa
Correct Answer:
Verified
Q11: Out of the following items, which one
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
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
Q20: Donation received for a special purpose:
A)Should be
Q21: In not-for-profit organisation, excess of expenditure over
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents