Deficit balance of Income and Expenditure Statement of a NPO is shown in the balance sheet as :
Answer & explanation
Correct answer: option 4
The deficit balance of the Income and Expenditure Statement is deducted from the capital fund.
Deficit balance of Income and Expenditure Statement of a NPO is shown in the balance sheet as :
Correct answer: option 4
The deficit balance of the Income and Expenditure Statement is deducted from the capital fund.