In not-for-profit organisations, excess of expenditure over income is called—

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 organisation, excess of expenditure over income is called : Sol:
• The Income and Expenditure Account includes all revenue expenses and income irrespective of its cash flow Sol:
• From the following information provided, the income from subscription to be shown in the Income and Expenditure A/C for the year ending 31/12/2015 can be calculated at Rs. ______ (i) Subscription received during 2015 : for 2014 – Rs.5,000 for 2015 – Rs.30,000 for 2016 – Rs.6,000 (ii) Subscription received in advance as at 31/12/2014 – Rs.6,000 (iii) Subscription outstanding as at 31/12/2014 – Rs.6,000 (iv) Subscription outstanding as at 31/12/2015 – Rs.4,000
• Income is the output of excess or deficiency of revenue over related:
• Treatment of capital expenditure as revenue expenditure is
• When the benefits of revenue expenditure is available for a period of two or three years, the expenditure is known as-
• Capital expenditure is an expenditure which
• Which of these types of expenditure would not be treated as a Capital Expenditure