Ledger
Principal journal
Cash book
Purchases day book
Sales day book
Correct answer is D
No explanation has been provided for this answer.
Bank charges
Standing order
Dishonoured cheque
Cash payment
unpresented cheques
Correct answer is D
No explanation has been provided for this answer.
In a non-profit oriented organization, the excess of income over expenditure is
Asset to the capital
Added to the accumulated fund
Deducted from the capital
Deducted from the accumulated fund
Deducted from the reserve
Correct answer is B
No explanation has been provided for this answer.
Directors' remuneration are recorded in the book as
Revenue expenditure
Appropriaion
Deferred expenditure
Provision
Capital expenditure
Correct answer is A
No explanation has been provided for this answer.
Subscription in advance is treated in the balance sheet of a club as
Current liability
Current asset
Fixed asset
Fictitious asset
Intangible asset
Correct answer is A
No explanation has been provided for this answer.