30 Dec 2020 6:44 pm
Balbharati, Solutions, for, Book-keeping, and, Accountancy, 12th, Standard, Hsc, Maharashtra, State, Board, Chapter 2, Accounts of ‘Not for Profit’ Concerns, Full solution,
Chapter 2: Accounts of ‘Not for Profit’ Concerns
Not for Profit Concern renders __________ services to public at large.
Income and Expenditure Account is a ________ Account
Outstanding subscription at the end of the Accounting Year represents _______
Subscription received in advance during the accounting year is_______ .
Excess of Income over Expenditure is termed as ___________
Not for Profit Concerns prepares _________ account instead of Profit and Loss account to know the result.
Income and Expenditure
Receipt and Payments
The closing balance of Receipts and Payments account usually represent _______
Cash and Bank Balance
Not for Profit Organization is also called __________ organization.
Expenditure on Purchase of Building is a ________ Expenditure.