Solved

The Amount of Entrance Fees Received Regularly by a Not-For

Question 14

Multiple Choice

The amount of Entrance Fees received regularly by a Not-for Profit Organisation is shown in which of the following:


A) Liability side of Balance Sheet
B) Assets side of Balance Sheet
C) Debit side of Income and Expenditure Account
D) Credit side of Income and Expenditure Account

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: Receipts and Payment A/c is a<br>A)Nominal A/c<br>B)Real

Q10: Subscription received in advance is<br>A)An income<br>B)An asset<br>C)Liability<br>D)None

Q11: The receipts and Payments account records receipts

Q12: The disadvantage of single entry system<br>A)Incomplete and

Q13: Receipts and Payments Account is a:<br>A)Personal Account<br>B)Real

Q15: Receipts and Payments Account of non-trading concerns

Q16: Subscriptions received in advance by a Club

Q17: Receipts and Payment A/c is a summary

Q18: Receipts and Payments Account generally shows:<br>A)A Debit

Q19: Receipts and Payments Account usually indicates-<br>A)Surplus<br>B)Capital Fund<br>C)Debit