Income statement of a Charitable Institution is known as
A) Statement of profit and loss
B) Receipts and Payments Account
C) Income and Expenditure Account
D) Profit and Loss Account
Correct Answer:
Verified
Q9: A resource owned by the business with
Q10: Outward Invoice issued is a source document
Q11: Which of the following is of capital
Q12: If any stock is taken by a
Q13: Contingent liability would appear
A)on the liability side
Q15: Which of the following account is mainly
Q16: Advertisement expenses are apportioned among departments in
Q17: In Hire Purchase system cash price plus
Q18: _ is similar to the Profit and
Q19: Kuntal draws a bill on shyam for
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