Multiple Choice Questions on The excess of assets over liabilities in non trading concerns is treated as ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

The excess of assets over liabilities in non trading concerns is treated as ........

General Accounting Principles Not for profit organisation
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    The excess of assets over liabilities in non-trading concerns is treated as

    Capital Fund

    Correct Answer

    Capital

    Incorrect Answer

    Profit

    Incorrect Answer

    Net Profit

    Incorrect Answer
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    Explanation:

    CAPITAL FUND

    Thus the excess of total assets over total liabilities of non-trading concerns is called “capital fund”.

    By: Subhash Singh
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