Endowment fund receipt is traded as-

Related MCQs

• The expenses and incomes pertaining to full trading period are taken to the Profit and Loss Account of a business, irrespective of their payment or receipt. This is in recognition of
• Amount received from the proprietors as capital or loan receipt is treated as-
• In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account
• The fees are collected only once at the time of admission of a member, hence Entrance Fees should be treated as 'Revenue Receipt'.
• After realizing all the investments, the balance in the sinking fund account is transferred to …………
• If the Petty Cash fund is not reimbursed just prior to year end and an appropriate adjusting entry is not made, then
• 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
• Generally the term fund is used to mean the difference between
• Sinking Fund is created for which of these purposes
• Profit and loss on Depreciation Investment Fund A/c is transferred to —