Honorarium is ______________.
Capital expenditure
An expenditure from specified receipt
Revenue expenditure
None of the above
Income and expenditure account is __________ account.
Real account
Nominal account
Receipt and payment account is _____________
Personal account
The ___________ of a non - profit organization is prepared in the similar manner and with same objective as that of a profit seeking concern.
Receipts and payments account
Balance sheet
Income and expenditure account
Trading account
___________ is a statement prepared at the end of an accounting year giving a summary of all receipts and payments recorded in cash book.
__________ is a day book used to record all receipts and payments of cash.
Ledger
Journal
Cash book
Purchase day book
____________ usually begins with opening balance of cash in hand / at bank and ends with balance of cash/ bank balance.
___________ is prepared with the balances of real and personal accounts only.
Profit and loss account
Non profit making concerns follow the _________ system of accounting.
Cash
Trading
__________ is only a statement and not an account.