Any income arising from special fund will be credited to

Related MCQs

• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• Any donation received for a specific purpose should be credited to
• Any revenue expense for which a separate fund is available will be
• Goods taken from business for personal use by the proprietor should be credited to
• At the time of dishonor of an endorsed bill, which account would be credited by the drawee?
• A withdrawal of cash from business by the proprietor should be credited to
• If unsold goods costing 20,000 is taken over by venturer at 15,000, the joint venture account will be credited by
• The abnormal loss on consignment is credited to:
• A withdrawal of cash from the business by the proprietor should be Credited to:
• In case of not for profit making concern, endowment fund receipt is treated as