___________ is prepared with the balances of real and personal accounts only.
Profit and loss account
Income and expenditure account
Receipts and payments account
Balance sheet
____________ is records all receipts and payments relating to previous, current and subsequent years.
Trading account
Receipts and payment account
Under __________system, cash book is the most important book where all cash receipts and payments are recorded in cronological order.
Journal
Trading
Ledger
Cash
Receipt and payment account is begin with
Opening cash only
Opening bank balance only
Opening cash and bank or overdraft
None of the above
Special donation is ___________
Revenue income
Capital fund
Capital expenditure
Under _________ system, cash book is the most important book where all cash receipts and payments are recorded in chronological order.
___________ refer to t h e organisations that are for used for the welfare of the society and are set up as charitable institutions which function without any profit motive.
N ot-for- prof i t Organisations
Revenue Expenditure
Income and Expenditure
None of these
Entrance fee is
Capital receipt
Revenue receipt
Part of capital fund
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
___________ is like a profit and loss account.
