While preparing the final a accounts of non trading concerns where do you show receipts and payments of special nature

Related MCQs

• Receipts and Payments Account of non-trading concerns is a
• Match List I (Financial Statements and Accounts) with List II (special matters associated with statements and accounts) and select the correct answer using the codes given below the lists: List I List II i) Receipts and Payments Account I. Revenue ii) Income and Expenditure Account II. Cash iii) Club subscription received in III. Liability Advance Account Codes:(i) (ii) (iii)
• ) A Receipts and Payments Account is nothing but a summary of all capital receipts and payments.
• Receipts and payment accounts includes all receipts and payments of
• Receipts and payment accounts records all receipts and payments of
• The receipts and Payments account records receipts and payment of
• Which of the following statements is/are true? (i) Cash Book records all cash receipts and cash payments (ii) Cash Book records all sale and purchase transactions of goods both in cash and on credit (iii) Cash Book records discount on Cash Payments
• Opening balance of Receipts and Payments accounts in the credit side shows
• Income and Expenditure Account is prepared in non-trading concerns in lieu of
• The excess of assets over liabilities in non-trading concerns is termed as: Sol: