Accounting for ...

In Income and Expenditure account all Expenditure are recorded on ______________.

Income and Expenditure account is ________ by balance sheet whereas Receipt and Payment account is __________by balance sheet

Which of the following accounts mostly begins with an opening balance?

Which of the following is not a correct statement?

Not-for-Profit organisations' affairs are usually managed by a ________.

Decrease in working capital appear in fund flow statement in _________ side.

The balance of Income and Expenditure account represents:

The first step in preparation of Receipt and Payment Account is taking the opening balances of cash on hand and cash at bank and entering them on the _______ side; bank overdraft at the beginning of the year by entering the same on the ______ side of this account.

 The organisations which are set up for providing service are called as _____.

The main objective of not-for-profit organisations is _________.