of a 18) An income and expenditure account is similar in form to the trading firm. a) Balance sheet b) Cash book c) Profit and loss account d) Statement of changes in equity 19) Charitable organisations, associations and clubs are examples of a) Joint venture b) Non-profit making organisation c) Partnerships d) Profit making organisation 20) The summary of the cash transactions for a given period is called a) Balance sheet Page 3 of 9