A credit balance is
...A credit balance is
A liability or an expense
An expenditure or an income
An asset or an expense
An income
Correct answer is B
No explanation has been provided for this answer.
The effect of overstating revenue expenditure in the profit and loss account is that the ...
i. cash at bank ii. cash in hand iii. premises iv. land ...
In a not-for-profit making organization, the cash book is summarized in the form of ...
Which of the following item is found on the credit side of the sales ledger control account? ...
Which of the following is not a personal account? ...
Recurrent expenditure of a local government include ...
The principle use of control accounts is to ...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...
i. Operating machines ii. Furniture iii. Fixtures and fitting iv. Loan from friends V. Creditors...
The gross loss on manufacturing is always transferred to the? ...