Advertisements
Advertisements
प्रश्न
______ depicts the Capital fund of the organization.
पर्याय
Profit and Loss Account
Trading Account
Balance Sheet
Nominal Account
Advertisements
उत्तर
Balance Sheet depicts the Capital fund of the organization.
Explanation:
The organization's capital fund is shown on the balance sheet.
APPEARS IN
संबंधित प्रश्न
Income and Expenditure Account is a ______ account.
Explain any two features of Income and Expenditure account.
______ account is prepared to ascertain surplus or deficit at the end of an accounting year.
How will Income and Expenditure account benefit a non-trading sports organisation?
This account is equivalent to the Profit and Loss Account of a business concern.
It serves as the basis for preparing the Balance Sheet of a non-trading organisation.
If the total of ______ side is greater than the total of ______ side, it is called 'surplus' or 'excess of income over expenditure'.
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.
Give five differences between Profit and Loss Account and Income and Expenditure Account.
