Excess of income over expenditure of non trading concern is called _______

Related MCQs

• Income and expenditure account is the ______ account of a non trading concern
• In case of a Club, the excess of expenditure over income is called as
• In not-for-profit organisation, excess of expenditure over income is called : Sol:
• In not-for-profit organisations, excess of expenditure over income is called—
• 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:
• The excess of assets over liabilities in non-trading concerns is treated as—
• For a non-trading concern, honorarium paid is: Sol:
• Non-trading concern prepare
• In non – profit organizations excess of assets over liabilities is called