A. |
In case of life membership fees, if it is amortised over a period of time, a separate life membership fund is created.
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B. |
If the amount of general donation is very large, it can be treated as a capital receipt.
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C. |
If the amount of legacy is small, it can be credited to income and expenditure account.
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D. |
The gift is not a restricted fund from the point of view of organisation.
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Option: D Explanation : Click on Discuss to view users comments. |
A. | Their capital ratio |
B. | New profit sharing ratio |
C. | Old profit sharing ratio |
D. | Sacrificing ratio |
Option: B Explanation : Click on Discuss to view users comments. |
A. | 1,3 and 4 |
B. | 1 and 4 |
C. | 2 and 3 |
D. | 1,2,3 and 4 |
Option: D Explanation : Click on Discuss to view users comments. |
A. | 25% |
B. | 50% |
C. | 60% |
D. | 75% |
Option: B Explanation : Click on Discuss to view users comments. |
A. | 2,1,5,4,3 |
B. | 1,2,4,3,5 |
C. | 2,1,3,4,5 |
D. | 1,2,3,4,5 |
Option: A Explanation : Click on Discuss to view users comments. |