In non – profit organizations excess of assets over liabilities is called

Related MCQs

• The excess of assets over liabilities in non-trading concerns is termed as: Sol:
• The excess of assets over liabilities in non-trading concerns is treated as—
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• The excess of Average profit over normal profit is called Sol:
• If the Assets of A ltd having Book Value of Rs 10,00,000 are taken over at Rs 15,00,000 and Liabilities having a book value of Rs 5,00,000 are taken over at Rs 4,00,000 than Purchase Consideration payable would be
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• Excess of current asset over current liabilities is known as _________ capital
• If two or more company come together and form anew company which takes over the assets and liabilities of the vendor companies it is called as