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.
Use the following information to answer the question below
290,000
230,000
220,000
210,000
Correct answer is B
No explanation has been provided for this answer.
Use the following information to answer the question below
530,000
370,000
350,000
330,000
Correct answer is B
No explanation has been provided for this answer.
Trade debtors at the end of the year
Cash sales for the year
Credit sales for the year
Amount transferred from the sales journal
Correct answer is A
A sales ledger control account, also called trade debtors control, is the part of your balance sheet that displays how much your customers owe the company.
Use the following information to answer the question that follows
94,000
106,000
111,000
116,000
Correct answer is D
Total cost of production = Cost of labor + Cost of raw materials + Overhead costs on manufacturing.
64,000 + 30,000 + 22,000 = 116,000