Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.

Receipt and Payment a/c for the year ending 31.3.22.

Additional Information:

Locker rent Rs.3,050 outstanding for the year 2020-21 and Rs.1,500 for 2021-22.

Locker rent received on advance at the end of current year i.e on 31.3.22 is Rs.1,000.

What amount of Locker Rent will be shown in Income and Expenditure A/c?

Choose the correct option:

Match List-I with List-II

Choose the correct answer from the options given below:

Which among the following is NOT TRUE about the financial statement?

Calculate subscription of current year to be credited to Income and Expenditure account from the following information :

Subscription Received Rs. 80,000, Subscription Received in Advance Last year Rs. 10,000, Subscription Received in Advance during this year Rs. 2,000 and Accrued Subscription at the end of current year Rs. 5,000 :

Arrange 'Fixed Assets' in proper order

(A) Intangible assets under development

(B) Tangible assets

(C) Intangible Assets

(D) Capital Work in Progress

Choose the correct answer from the options given below:

Balance Sheet provides information about financial position of the enterprise: