The excess revenue over expenditure is charged to
...The excess revenue over expenditure is charged to
Profit and loss
Revenue account
Accumulated fund
Income and expenditure acccount
Correct answer is C
An accumulated fund is the capital fund of a nonprofit organization. Money is directed into the accumulated fund when revenues are greater than expenditures and there is a budgetary surplus.
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
Interim dividend paid in a year is ...
The purpose of keeping Sales and Purchases Ledger Control Account is to ...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
A part of public company's profits belonging to the shareholders is ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock} & 1,800\\ \text{Closing stock} &am...