Accounting for ...

The term 'funds' as used in fund flow statement means ________________.

Taking all ______ assets with additions after charging depreciation and showing them on the assets side is one step adopted in preparation of balance sheet.

Income & Expenditure A/c is prepared by transfer of :
(I) Nominal accounts
(II) Real accounts
(III) Personal accounts
The correct answer is ___________________.

Which of the following is generally considered as a non-profit oriented organization?

A Club is of 150 members. Subscription per member is Rs. 500 per month. Subscription of 8 members of whole years was not received and subscription from 5 members has been received In advance for 6 months of the next year. The amount of subscription to be shown in Receipts & Payments Account will be ________________.

On the basis of following information calculate the amount will appear in the item 'stationery consumed' in Income and Expenditure Account for the year ending 31st March, 2009. 

When cash is received for life membership,which one of the following double entries is passed ?

Rent expense of a nonprofit organization paid in advance. Which of the following is the correct classification of rent paid in advance ?

Comparing items on _________ side of the Receipts and Payment Account with ________ side of the Income and Expenditure account is one of the step adopted in preparation of balance sheet.

In case of a non profit organization life membership fee is treated as _____________.