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प्रश्न
______ depicts the capital fund of the organization.
विकल्प
Profit and Loss Account
Trading Account
Balance Sheet
Nominal Account
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उत्तर
Balance Sheet depicts the capital fund of the organization.
Explanation:
The balance sheet is a financial position statement that clearly illustrates an organization’s capital fund (or general fund) on the liabilities side. It provides a financial snapshot of cumulative surpluses, life membership fees, and capital receipts over time, whereas the other alternatives are income statements or account classifications that only track operating revenue or expenses.
संबंधित प्रश्न
Income and expenditure contain only ______ items.
Give any two uses of Income and Expenditure Account.
The closing balance of this account shows surplus/deficit ______.
Explain any two features of Income and Expenditure account.
The closing balance of this Account shows surplus or deficit for the year.
On the other hand, if the total of ______ side is greater than the total of ______ side, it is known as 'deficit' or 'excess of expenditure over income'.
Explain the term deficit in Income and Expenditure Account.
Why and by whom is an Income and Expenditure Account prepared?
What is Income and Expenditure Account?
Mention any two features of the Income and Expenditure Account.
