In a not for profit making organization, the excess of in...
In a not for profit making organization, the excess of income over expenditure is
Added to capital
Added to accumulated fund
Deduced from capital
Deducted from accumulated fund
Correct answer is B
No explanation has been provided for this answer.
\(\begin{array}{c|c} \text{Net profit} & 60,000 \\ \hline \text{Total assets} & 520,000 \\ \...
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\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...