Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:

Which of the following is shown on the credit side of income and expenditure account?

A) Printing and Stationery
B) Entrance fees
C) Donation
D) Subscriptions
E) Capital fund
F) Outstanding salary
G) Bank overdraft

Choose the correct answer from the options given below.

Options:

ABCD

BDE

BCD

CDE

Correct Answer:

BCD

Explanation:

The correct answer is option 3- BCD.

A) Printing and Stationery- Debit side of income & expenditure A/c
B) Entrance fees- Credit side of income & expenditure A/c
C) Donation- Credit side of income & expenditure A/c
D) Subscriptions- Credit side of income & expenditure A/c
E) Capital fund- Liability side of balance sheet
F) Outstanding salary- Liability side of balance sheet
G) Bank overdraft- Liability side of balance sheet