The balance of asset in a balance sheet of a co operative society is calculated by the equation :

Challenger App

Practices of Banking

No.1 PSC Learning App

★

★

★

★

★

1M+ Downloads

The balance of asset in a balance sheet of a co operative society is calculated by the equation :

AOpening balance + Payments - Receipts

BOpening balance + Receipts - Payments

CPayments + Receipts - Opening balance

DNone of these

Answer:

A. Opening balance + Payments - Receipts

Related Questions:

Narration is associated with _________

Example of non operating expenses :

Amount received by the sale of fixed assets or investments by way of loans and by way of capital are termed as _________

Single entry systern is also called _________

Accounting Equation is also called ________