Gamji Memorial Club carried out an activity which yield a...
Gamji Memorial Club carried out an activity which yield a profit of N10,000. This amount is to be transferred to the?
Debit side of its profit and loss account
Credit side of its profit and loss account
Debit side of its income and expenditure account
Credit side of its income and expenditure account
Correct answer is D
No explanation has been provided for this answer.
The difference between book keeping and accounting is that while ...
The purchase of a typewriter for office use for N2,500 should be debited to ...
Why should a new partner contribute towards goodwill on his admission? ...
The price paid by an acquiring company is the ...