List of top Book-Keeping & Accountancy Questions asked in Maharashtra Board Class XII Exam

Excess of income over expenditure in 'Not for Profit Concern' is termed as \(\underline{\hspace{1cm}}\).

Decrease in the value of assets should be \(\underline{\hspace{1cm}}\) to Profit and Loss Adjustment account.

Dissolution expenses are credited to \(\underline{\hspace{1cm}}\) account.

Trading Account is prepared on the basis of \(\underline{\hspace{1cm}}\) expenses.

A \(\underline{\hspace{1cm}}\) is an intangible asset.