The excess of income over expenditure is usually transfer...
The excess of income over expenditure is usually transferred to the
Accumulated fund
Profit and loss account
Current assets in the balance sheet
Current liabilities in the balance sheet
Correct answer is A
No explanation has been provided for this answer.
Sales ledger balances 01/06/12------ 9,000 30/06/12------------------------------------30,000 ...
Which of the following is a book of ordinary entry? ...
The part of the C.P.U used for the processing of data is ...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...
Payment for future services are ...
The current assets less current liabilities is ...
One of the major features of book keeping is that it ...
The assumption that a business has perpetual existence is recognized by ...