In not-for-profit organisation, excess of expenditure over income is called : Sol:

Related MCQs

• Excess of income over expenditure of non trading concern is called _______
• In case of a Club, the excess of expenditure over income is called as
• In not-for-profit organisations, excess of expenditure over income is called—
• The Income and Expenditure Account includes all revenue expenses and income irrespective of its cash flow Sol:
• 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:
• The Income and Expenditure Account is a summary of cash transactions. Sol:
• The Income and Expenditure Account is always accompanied with a cash flow statement Sol:
• Balance of Income and Expenditure Account shows: Sol:
• Income and Expenditure Account generally indicates: Sol: