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Select the most appropriate alternatives from those given below.i. Both capitalised receipts and capital expenditure are shown in the ________ (a) Profit and Loss A/c (b) Balance Sheet (c) Trading A/c (d) Income and Expenditure A/cii. ‘Not for Profit’ organisation prepares _________ to find out its financial position. (a) Receipts and Payments A/c (b) Balance Sheet (c) Trading A/c (d) Income and Expenditure A/ciii. Subscriptions received from the members is considered as __________ receipts. (a) capital (b) revenue (c) non-recurring (d) commercialiv. Fund which provides permanent source of income to non-trading organisation is called _________ fund. (a) endowment (b) general (c) specific (d) capitalv. For a public hospital, expenditure on the purchase of medicines is a _________ Expenditure. (a) General (b) Non-recurring (c) Capital (d) Revenue |
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Answer» i. (b) Balance Sheet ii. (b) Balance Sheet iii. (b) revenue iv. (a) endowment v. (d) Revenue |
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