Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Accounts for Non Profit Organsiation

Question:
The surplus generated in the form of excess of income over expenditure is added in the..........
Options:
Capital fund
All the members
Specific fund
None of these
Correct Answer:
Capital fund
Explanation:
The surplus generated in the form of excess of income over expenditure is not distributed amongst the members. It is simply added in the capital fund.