Challenger App

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:

For a joint stock company’s bank account, the bank must primarily verify:
A group of accounts is known as ________
Which of the following deposit does not include under CASA deposits?
Revenue receipts are shown in the ___________
Which of the following errors is not detectable from Trial balance ?