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In non-trading concerns organisation excess of expenditure over Income is called

+1 vote

asked Dec 3, 2018 in Class 12 by kratos

In non-trading concerns organisation excess of expenditure over Income is called

(A) Profit

(B) Surplus

(C) Loss

(D) Deficit

accounts of not for profit concerns
class-12
accounting for non trading organisation
professional persons

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1 Answer

+4 votes

answered Feb 23, 2020 by kratos

Best answer

In non-trading concerns organisation excess of expenditure over Income is called Surplus.

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