The surplus or deficit is transferred to __________.

__________ gives a clear picture of the financial position of the concern.

_______________ account is prepared at the end of the accountiong year on the basis of cash receipts and cash payments recorded in the cash book.

___________ is prepared to check the arithmetical accuracy of books of accounts.

___________ is simply the summary of income and expenditure for the accounting period.

Conflicts openion of entrance fees is

The final balance in ____________ represents the balance of cash in hand or at the bank or overdraft.

___________ records only actual receipts and payments.

The Not-for-Profit Organisations usually prepare the income and expenditure account and a Balance Sheet with the help of ______________ Account

Difference between match fund and match expenses is