Advertisements
Advertisements
प्रश्न
If the total of ______ side is greater than the total of ______ side, it is called ‘surplus’ or ‘excess of income over expenditure’.
पर्याय
Debit, credit
Credit, debit
Credit, credit
Debit, debit
Advertisements
उत्तर
If the total of credit side is greater than the total of debit side, it is called ‘surplus’ or ‘excess of income over expenditure’.
APPEARS IN
संबंधित प्रश्न
Justify either for or against by giving a reason for the following statement. ‘Income and Expenditure account shows the opening and closing balances of cash in hand and cash at bank.’
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.
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.
It contains only revenue items.
Explain the term surplus in Income and Expenditure Account.
Explain the term deficit in Income and Expenditure Account.
