If gains are less than the expenses, then it is known as:

Subscription  by members will appear as a debit balance. They are:

Out of these, which one is prepared by a trader at the end of the financial year?

A person usually responsible for collecting and paying money on the behalf of society is known as:

The difference between the balance sheet of a club and business concern.

The members pay an amount for the facilities provided by the society. This is known as:

Income & expenditure account is prepared using the same principle of:

Income and expenditure account is a:

The final balance of the receipts and payments account represents the balance of:

If there is a deficit, accumulated fund will: