Question : Surplus/Deficit of an NPO is known from the:
Option 1: Receipts and Payments Account
Option 2: Cash Book
Option 3: Income and Expenditure Account
Option 4: Balance Sheet
Correct Answer: Income and Expenditure Account
Solution : Not-for-profit organisations prepare Income and Expenditure A/c to determine the surplus or deficit of income over expenditure over a particular period of time.
Question : Which of the following is not a type of balance of payments surplus or deficit?
Question : Income and Expenditure Account gives out :
Question : Income and Expenditure account records:
Question : Specific Donation received by NPO are shown in the:
Question : Subscription received for special events is
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