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Answer in one sentence only. To which account ‘Surplus’ or ‘Deficit’ is transferred? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.

To which account ‘Surplus’ or ‘Deficit’ is transferred?

एक पंक्ति में उत्तर
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उत्तर

‘Surplus’ or ‘Deficit’ is transferred to the Balance Sheet by adding or subtracting it from the Capital Fund.

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अध्याय 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [पृष्ठ ११३]

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बालभारती Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
अध्याय 2 Accounts of ‘Not for Profit’ Concerns
Exercise 2.1 (Objective Type Questions) | Q 1. E) 10. | पृष्ठ ११३
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