The income and expenditure account of a club is the same ...
The income and expenditure account of a club is the same as
Single entry account
A profit and loss account
A trading account
A cash book
Correct answer is B
This is because the income and expenditure account just like the profit and loss account shows the income to ascertain surplus or deficit.
Bola, UTC's regular customer, owed N1,00 on account of a radio bought. If he sent in a cheque fo...
# Stock Jan 1 2600 Purchases...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...
The effect of the payment of liability is that it ...
The error that affects the agreement of a trial balance totals is ...
Which of the following items is found on the debit side of the trial balance? ...
The entries for cash drawn from the bank by a proprietor for the private use is: debit ...