Receipts and payment accounts includes all receipts and payments of
A) Capital nature
B) Revenue nature
C) Cash nature
D) None of these
Correct Answer:
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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_
Q11: Receipts and payment account begins with opening
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
Q17: Specific donation of Rs 1000 is
A)Income
B)Capital
C)Liability
D)Asset
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