The net profit from a trading account of a non-profit mak...
The net profit from a trading account of a non-profit making organization would be treated as income in the
Income and expenditure account
Receipt and payment account
Balance sheet
Statement of affairs
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a real account item? ...
Which of the following accounts are found in the nominal ledger? I. Advertising ll.Motor repairs ...
.........................31 Dec. 05........31 Dec. 06 Total fixed assets.........N7 800.............
A list of balance extracted from the ledger is known as ...
Given: If Emeka Enterprises settles its suppliers for goods purchased within 7 days, it can earn ...
Accounting entry for dissolution expenses is ...
A credit note from a supplier for damaged goods would first be entered in the ...