Saved Bookmarks
| 1. |
Write the Word/Term/Phrase which can substitute each of the following statements.i. Such concerns, which are formed for rendering some useful services to its members without having profit motive.ii. Excess of expenditure over income of ‘Not for Profit’ concerns.iii. A statement showing the financial position of a concern on a particular date.iv. The debit balance of an Income and Expenditure Account.v. Fees received from the member only once at the time of his entry into the ‘Not for Profit’ concern. |
|
Answer» i. ‘Not for Profit’ concern ii. Deficit iii. Balance Sheet iv. Deficit v. Life membership fees |
|