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Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
MCQ
$.........$ Account starts with the opening Cash Balance.
  • A
    Income and Expenditure
  • ✓
    Receipts and Payments
  • C
    Capital Fund
  • D
    Subscriptions
✓

Answer

Correct option: B.
Receipts and Payments

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