The excess of assets over liabilities in a not for profit...
The excess of assets over liabilities in a not for profit organization is..........
Surplus
Deficit
Working capital
Accumulated fund
Correct answer is D
Accumulated fund is the excess money received by a non-profit organization. It is gotten by deducting liabilities from assets in a non-profit making organization account.
When the fixed capital method is used, the partners' share of profits and remunerations are cred...
Opening capital ---10,800 Drawings----------- 2,500 Trade creditors ----2,560 Trade debtors -----...
A source document is used for verifying the ...
Reliability as a quality of accounting information means that accounting ...
Rent prepaid as at 1st January, 2002 was N15,000. How much was paid for rent in 2007? ...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...