Tag: financial accounting and reporting
Questions Related to financial accounting and reporting
'Subscriptions received in advance" pertaining to last year will be on _________ of the Subscription A/c prepared for the current year.
In case of a non profit organization rent of building is due but not yet received by it is considered as a/an ______________.
The amount or property received by a non-profit organization as stated by the will of a deceased person is commonly referred to as ______________.
Which of the following is correct treatment of legacy received by non-profit organization ?
Surplus revealed by income and expenditure account ___________________.
The balance sheet of a non-profit organization such as a charitable hospital doesn't contain the _____________.
It is the amount which a non-trading concern receives as per the will of a deceased person___________.
Following details are available for Saturn social club. Opening balance of capital fund Rs. 4,67,600 Donation capitalized during the year Rs. 12,500 Surplus in Income & Expenditure A/c Rs. 18,750. Closing balance at capital fund must be ___________.
Absorption of production overhead costs on a marginal cost basis is unacceptable:
Deficit as per Income and Expenditure Account is given effect as______________.