The ___________ is the most important subsidiary book or special journal of any business concern.
Cash book
Journal
Ledger
Purchases day book
Special donation is
Revenue income
Capital fund
Capital expenditure
None of the above
Legacy is
General donation
Special donation
None of these
The Not-for-Profit Organisations usually prepare the income and expenditure account and a Balance Sheet with the help of ______________ Account.
Revenue expenditure
Provision for replacement
Receipts and payments
___________ is usually prepared annually.
Profit and loss account
Balance sheet
Income and expenditure account
___________ are established for the purpose of rendering service.
Non Profit organisation
Company
Partnership
Difference between receipt and payment side is
Excess of income over expenditure
Capital
Liability
Cash or bank balance.
___________ is a nominal account.
Receipts and payments account
___________ is a list of all account balances.
Trail balance
Financial statement
___________ is a statement prepared at the end of an accounting year giving a summary of all receipts and payments recorded in cash book.
Trading account
