1.
Life membership fees received–
2.
Subscription received in advance is–
3.
Receipts and Payment Account shows–
4.
Non-profit organisation prepare–
5.
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:
6.
Interest received from Building Fund Investments should be–
7.
Receipt of legacy should be treated as–
8.
If a sports fund is created, then sports expenses are transferred to–
9.
The difference of the Receipts and Payment Account reveals–
10.
Subscriptions in arrears at the end are shown
11.
Donations received for a specific purpose–
12.
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:
13.
Receipts and payments account generally shows:
14.
When the tournament expenses incurred are more than the tournament fund, then the excessive amount is–
15.
Income and expenditure account shows a balance of:
