While preparing the final a accounts of non trading concerns where do you show receipts and payments of special nature
A) Balance sheet
B) P & L account
C) I & E account
D) R & P account
Correct Answer:
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Q9: Receipts and payment account is a _
Q10: In a non profit organizations cashbook shows_
Q11: Receipts and payment account begins with opening
Q12: Receipts and payment accounts includes all receipts
Q13: Receipts and payment accounts records all receipts
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
Q18: Donation which is given as per will
Q19: Loss on sale of asset is taken
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