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.
\(\begin{array}{c|c} & 1/7/10 & 30/6/11 \\ & D & D \\ \hline \text{Stock} & 1,46...
The accumulated fund for a not-for-profit making organization is ...
The document prepared for the disbursement of government fund is ...
Which of the following ratios gives an idea of the liquidity of a firm? ...
Given: Equipment Motor Vehicle Loan Creditors Sub in advance ...
Which of the following will not make a trial balance total to agree? ...
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received...
Which of the following errors will not allow a trial balance to agree? ...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...