The main source of income for non trading organization is
A) Subscriptions
B) Donations
C) Entrance fee
D) Interest on Deposit
Correct Answer:
Verified
Q1: Receipts and Payments account is
A)Nominal Account
B)Real Account
C)Personal
Q2: Income and Expenditure account is
A)Nominal Account
B)Real Account
C)Personal
Q3: Income and expenditure Account shows a balance
Q4: A heavy balance in the Receipts and
Q5: A heavy balance in the Income and
Q7: Opening balance of Receipts and Payments accounts
Q8: Goods sent on consignment should be debited
Q9: In the books of consignor the balance
Q10: The consignor is:
A)Principal
B)Agent
C)Debtor
D)None of the above
Q11: Account Sales is submitted by:
A)Consignor
B)Consignee
C)Principal to his
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