Download App

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
The excess of assets over liabilities is termed as $.........$
  • A
    surplus
  • B
    deficit
  • ✓
    capital fund
  • D
    loan
✓

Answer

Correct option: C.
capital fund

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Select the correct option (MCQ)" from Accounts of ‘Not for Profit’ Concerns→Accounts of ‘Not for Profit’ Concerns — all question types→Book Keeping & Accountancy STD 12 Commerce / Arts question papers→Maharashtra Board STD 12 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

A statement showing financial position of a business is called a _____________
→
The capital with which a company is registered is called ____________
→
The document inviting to subscribe the shares of a company is ______________
→
If prepaid expenses are to be recorded in the books of account, they should be shown on the $.........$ side of Revaluation A$/$c.
→
Borrowing money from a bank on the security of a bill of exchange is called _____________
→
If an asset is depreciated, Revalutation Account is $.........$
→
New Ratio = Old Ratio + ______________ Ratio.
→
Noting charges are paid when a bill is _____________
→
The relationship between net profit before tax, interest and dividend and capital employed is known from $.........$
→
A bill of exchange is required to be _____________ by drawee.
→