___________ records only actual receipts and payments.
Income and expenditure account
Receipts and payments account
Trading account
Balance sheet
The income of subscription is arrived from
With the adjustment of advance and outstanding
Without the adjustment of advance and outstanding
Current years subscription is only taken
None of the above
___________ is a nominal account.
None of these
____________ is records all receipts and payments relating to previous, current and subsequent years.
Profit and loss account
Receipts and payment account
Summary of cash book is termed as
Receipt and payment account
None of these.
Difference between match fund and match expenses is
Income or expense
Capital
Profit
Income and expenditure account is __________ account.
Real account
Personal account
Nominal account
___________ is prepared with the balances of real and personal accounts only.
___________ is a list of all account balances.
Trail balance
Financial statement
____________ is prepared in the form of a profit and loss account.
