1.
When the tournament expenses incurred are more than the tournament fund, then the excessive amount is–
2.
Receipt of legacy should be treated as–
3.
Second hand machinery worth ₹ 30,000 was purchased, it was repaired for ₹ 3,000 and installed by worker to whom ₹ 1,000 were paid as wages. The machinery should be capitalised for:
4.
Interest received from Building Fund Investments should be–
5.
Receipts and payments account generally shows:
6.
If a sports fund is created, then sports expenses are transferred to–
7.
Life membership fees received–
8.
Donations received for a specific purpose–
9.
The difference of the Receipts and Payment Account reveals–
10.
Subscriptions in arrears at the end are shown
11.
Non-profit organisation prepare–
12.
At the beginning of an accounting year, a club has ₹ 19,000 assets; ₹ 5000 liabilities; ₹1,800 debit balance of income and expenditure account, the opening capital fund is:
13.
Receipts and Payment Account shows–
14.
Subscription received in advance is–
15.
Income and expenditure account shows a balance of:
