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

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

Excess of income over expenditure is known as:

If there is a deficit, accumulated fund will:

The surplus/deficit will be transferred to:

Receipts and payments account is the summary of:

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

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

Receipts and payments account is prepared at the:

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