Multiple Choice
From incomplete records, it is possible to prepare
A) Ledger accounts
B) Trial balance
C) Statement of affairs
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Donation received for a special purpose:<br>A)Should be
Q36: The Income and expenditure account begins with<br>A)Debit
Q37: The amount of 'Subscription received from members'
Q38: Not - for - profit organisations institutions
Q39: Income and Expenditure A/c is a<br>A)Nominal A/c<br>B)Real
Q41: Income and Expenditure Account records transactions of:<br>A)Revenue
Q42: Under the net worth method, the profit
Q43: Income and expenditure Account shows a balance
Q44: Non-trading organization prepares<br>A)Income and Expenditure A/c<br>B)Trading and
Q45: Credit purchase is determined by preparing<br>A)Purchase Account<br>B)Debtor's