The main source of income of a society is:

The surplus will get accumulated within the organisation to form a capital fund. It is known as:

Which of these item is NOT included in the receipt and payments account?

Income and expenditure account is prepared instead of:

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

The surplus/deficit will be transferred to:

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

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

Receipts and payments account is a:

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