Question : Expenditure is Rs. 16,000 and surplus credited to Capital Fund Rs. 4,500, income is __________.

Option 1: Rs. 20,500

Option 2: Rs. 11,500

Option 3: Rs. 16,000

Option 4: None of the above 

Question : Expenditure is Rs. 16,000 and surplus credited to Capital Fund Rs. 4,500, income is __________.

Option 1: Rs. 20,500

Option 2: Rs. 11,500

Option 3: Rs. 16,000

Option 4: None of the above 

Question : Interest received on match fund Investment should be

Option 1: Credited to Income and expenditure account

Option 2: Debited  to Income and expenditure account 

Option 3: Credited to capital fund

Option 4: Debited to the building fund

Question : Interest received on match fund Investment should be

Option 1: Credited to Income and expenditure account

Option 2: Debited  to Income and expenditure account 

Option 3: Credited to capital fund

Option 4: Debited to the building fund

Question : Income and expenditure account records income and expenditure of :

Option 1: Capital nature only 

Option 2: Revenue nature only

Option 3: both Revenure and capital nature 

Option 4: None of  the above 

Question : Securities Premium Reserve A/c has a ------------ and is a-----------, to be shown on the equity and liabilities side under the head -----------.

Option 1: Debit balance, capital profit, reserve and surplus

Option 2: Credited, revenue profit, reserve and surplus 

Option 3: Credited, capital profits, reserve and surplus 

Option 4: Credited, capital profit, shareholders' fund