CBSEClass 11AccountancyFinancial Statements 2
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1. Outstanding Expenses are related to-

2. Prepaid expenses are shown in-

3. Charity of goods is-

4. If a person fails to pay his debt, such amount is considered as-

5. The object of non – trading concerns-

6. Such persons who earn remuneration against their services are called –

7. Which of the following is not an item of income of Non – trading concern –

8. Receipt and payment account is a summary of-

9. Which of the following is recorded in income & expenditure account –

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Quiz 1