AdminHelpdice Team30 May, 2024During the year ended 31st March, 2020, payment made to creditors of Rs. 56,800Select Option & Check AnswerShould be credited to Income and Expenditure AccountShould be credited to separate account and shown in the Balance SheetShould be shown on the assets sideShould not be recorded at allCheck AnswerIncorrect. ❌Related MCQ's Income and Expenditure Account reveals...Wed, 26 NovTitle of the account which shows Surplus/Deficit of NPO is...Wed, 26 NovSalaries paid during the year ended 31st March, 2020 is Rs. 36,000. Salaries paid in advance at the end of previous...Wed, 26 NovReceipts and payments account makes no difference between...Wed, 26 NovStock of medicines on 1.4.18 were Rs.5000. Medicines purchased during the year is Rs.5000. Medicines sold during th...Wed, 26 NovFurniture (Book value) Rs.5,000 were sold for Rs. 4,500. New Furniture worth Rs.10,000 were purchased during the ye...Wed, 26 NovSubscription outstanding for the year 2018-19 is Rs.2500. Subscription outstanding for the year 2017-18 was Rs.5000...Wed, 26 NovIf Income is Rs.16,000 and deficit debited to Capital Fund is Rs.4,300 then Expenditure is...Wed, 26 NovIncome and Expenditure Account is based on...Wed, 26 NovWhich of the following is an example of not-profit-organisation...Wed, 26 Nov
