The main source of income for non trading organization is

Related MCQs

• Income and expenditure account is the ______ account of a non trading concern
• Excess of income over expenditure of non trading concern is called _______
• Income and Expenditure Account is prepared in non-trading concerns in lieu of
• Non-trading organization prepares
• If the provision for income tax for 2013 is Rs.30,000 and for 2014 is Rs.40,000; and income tax of Rs.25,000 is paid during the year 2014 in respect of year 2013, the amount of to be debited to the Profit and Loss Adjustment Account as “Provision for Income Tax” to find out “Funds from Operation” will be
• While preparing the final a accounts of non trading concerns where do you show receipts and payments of special nature
• The excess of assets over liabilities in non-trading concerns is termed as: Sol:
• For a non-trading concern, honorarium paid is: Sol:
• Non-trading concern prepare
• Receipts and Payments Account of non-trading concerns is a