The amount of 'Subscription received from members' by a Not-for Profit Organisation is shown in which of the following:
A) Debit side of Income and Expenditure Account
B) Credit side of Income and Expenditure Account
C) Liability side of Balance Sheet
D) Assets side of Balance Sheet
Correct Answer:
Verified
Q33: The content of single entry system is
A)Double
Q34: Net Profit under single entry system is
Q35: Receipts and Payments Account generally shows:
A)A Debit
Q36: Income and Expenditure Account records transactions of:
A)Revenue
Q37: Income and Expenditure Account reveals
A)Surplus or Deficiency
B)Cash
Q39: Donation received for a special purpose:
A)Should be
Q40: The amount of Entrance Fees received regularly
Q41: Out of the following items, which one
Q42: Receipts and Payments Account is a:
A)Personal Account
B)Real
Q43: Donations received for a special purpose will
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