fundamentals and npo

3. subscription received in advance by a club are shown in the __ side of balance sheet
6. interest on capital is allowed on the __ capital
7. life membership fee received by a club is shown in __
10. income and expenditure account is prepared on __ basis
11. the written agreement amongst the partners is __
14. current account of the partners are not opened when the capitals are __
17. receipts from the sale of old newspapers are taken as __
18. __ accounts of partners are maintained if capitals are fixed
19. current account of the partner should be opened when the capitals are __

1. income and expenditure account is a __ account
2. the liability of the partners in a partnership firm under Indian partnership act 1932 is __
4. receipts and payment account is a __ account
5. in the absence of partnership deed, interest of __ of a partner is allowed 6% per annum
8. salary or commission to a partner is an __ of profit
9. manager's commission is a __ against profit
12. in the absence of partnership deed, profit of the firm is divided among the partners ___
13. in case of partnership, the act of any partner is binding on __ partners
15. receipt and payment account is prepared on__ basis
16. honoranium is a __ expenditure