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

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

Receipts and payments account is a:

Clubs and societies are:

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

If there is a deficit, accumulated fund will:

Which account is prepared by each club and society at the end of the financial year for their trading activities?

Income and expenditure account is prepared instead of:

A club runs a coffee shop. The depreciation of shop items will included in the:

Excess of income over expenditure is known as: