Receipts and payment account begins with opening balance of
A) Receipts
B) Payments
C) Creditors
D) Cash
Correct Answer:
Verified
Q6: Non profit organizations trial balance shows
A)Debit
B)Credit
C)Equal balance
D)Suspense
Q7: Receipts and payment accounts, I & E
Q8: Purchase of assets are entered in nonprofit
Q9: Receipts and payment account is a _
Q10: In a non profit organizations cashbook shows_
Q12: Receipts and payment accounts includes all receipts
Q13: Receipts and payment accounts records all receipts
Q14: While preparing the final a accounts of
Q15: What does the balance of income and
Q16: Donation of Rs 1000 is
A)Income
B)Capital
C)Liability
D)Asset
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