The amount of Entrance Fees received regularly by a Not-for Profit Organisation is shown in which of the following:
A) Liability side of Balance Sheet
B) Assets side of Balance Sheet
C) Debit side of Income and Expenditure Account
D) Credit side of Income and Expenditure Account
Correct Answer:
Verified
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
Q38: The amount of 'Subscription received from members'
Q39: Donation received for a special purpose:
A)Should be
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
Q44: Non-trading concern prepare
A)Receipts and Payments A/c
B)Balance Sheet
C)Income
Q45: Receipts and Payments Account of non-trading concerns
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