Home
Class 12
ACCOUNTS
Credit side balance in Income & Expendit...

Credit side balance in Income & Expenditure Account reveals :

A

(a) Excess of cash receipts over payments

B

(b) Excess of cash payments over receipts

C

(c) Excess of expenditure over income

D

(d) Excess of income over expenditure

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS OF COMPANIES

    DK GOEL|Exercise MCQ|38 Videos

  • ISSUE OF DEBENTURES

    DK GOEL|Exercise MULTIPLE CHOICE QUESTIONS|36 Videos

Similar Questions

Explore conceptually related problems

Income And Expenditure Account

DK GOEL-Financial Statements of Not-for-Profit Organisations-Multiple Choice Questions
  1. Receipts and Payments Account is a :

    Text Solution

    |

  2. Income and Expenditure Account is a :

    Text Solution

    |

  3. Credit side balance in Income & Expenditure Account reveals :

    Text Solution

    |

  4. Source of income for a not-for-profit organisation is :

    Text Solution

    |

  5. Which of the following represent capital receipt :

    Text Solution

    |

  6. Amount received from sale of grass by a club should be treated as: ca...

    Text Solution

    |

  7. The amount received for sale of old sports materials by a Non-profit o...

    Text Solution

    |

  8. If there is a 'Match Fund', then match expenses and incomes are transf...

    Text Solution

    |

  9. Subscription received in advance during the current year is :

    Text Solution

    |

  10. Subscription received in cash during the year amounted to Rs 40,000, s...

    Text Solution

    |

  11. Subsription received in cash during the year amounted to Rs 5,00,000, ...

    Text Solution

    |

  12. Subscription received in cash during the year amounted to Rs 60,000, s...

    Text Solution

    |

  13. Subscription received in cash during the year amounted to Rs 3,00,000,...

    Text Solution

    |

  14. What amount will be credited to the lncome and Expenditure Account for...

    Text Solution

    |

  15. There are 200 members, each paying an annual subscription of Rs 1,000,...

    Text Solution

    |

  16. The opening balance of Prize Fund was Rs 32,800. During the year, dona...

    Text Solution

    |

  17. Salary paid in cash during the current year was Rs 80,000, Outstanding...

    Text Solution

    |

  18. Salary paid in cash during the current year was Rs 30,000, Outstanding...

    Text Solution

    |

  19. Salary paid for the year ended 31st March, 2010 amounted to Rs 75,000....

    Text Solution

    |

  20. How much amount will be shown in Income and Expenditure Account in the...

    Text Solution

    |