The excess of income over expenditure is usually transfer...
The excess of income over expenditure is usually transferred to the
Accumulated fund
Profit and loss account
Current assets in the balance sheet
Current liabilities in the balance sheet
Correct answer is A
No explanation has been provided for this answer.
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets...
Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...
Which of the following is a source of revenue to a local government authority? ...
D Motor vehicle 500000 Stock 35000 ...
MPOBA Club's annual donations from members amount to 112% of its internally generated revenue fr...
\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...