The loss made by a non profit making organization is call...
The loss made by a non profit making organization is called
Deficit
Surplus
Discount
Shortage
Correct answer is A
A deficit occurs for a nonprofit organization whenever its expenses exceed its revenue . deficit in a non for profit making organization stands for loss and it is the excess of expenses over bar profit and other income.
Departmental accounts are prepared to aid the comparison of the? ...
The cost price method is applicable when_____ ...
Goods withdraw from business for private use are credited to? ...
Which of the following is not a cause discrepancy between cash book and bank statement balances? ...
The objective of allocating all costs to producer is to? ...
Administrative, selling and distribution expenses in a manufacturing firm are recorded in ...
Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Cash 2,0...