Accounting procedure for not-for-profit organisations - class-XI

Casual Mode - Take your time!

1 / 20
✓
Correct
0
✗
Incorrect
0
★
Score
0%
Multiple Choice

Surplus revealed by Income and expenditure account ___________.

  1. is shown as deduction in accumulated fund at the balance sheet
  2. is transferred to an account called capital fund
  3. is distrusted among the members of the non-profit organization
  4. must be donated to other non-profit organization
Change Mode