In a non-for-profit making organization, the cash book is...
In a non-for-profit making organization, the cash book is referred to as
Income and expenditure account
Receipts and payments account
Two column cashbook
Petty cash book
Correct answer is B
"A receipt and payment account is a summarized cash book (cash and bank) for a given period" prepared by Non-profit organizations (also called non-trading concerns) at the end of year.
Which of the following is an example of direct expense? ...
Accumulated depreciation on the asset as at 31/12/81 was ...
Discount allowed is a charge made against ...
Which of the following is a primary source of entry into the debtors ledger? ...
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening stock} & 40,000\\ \text{Purchases} & 1...
Given: N Drawings 3,500 Net loss 2,500 Capital 1.1,2007 35,000 Additional capital 10,000 The ...
Danladi Bako's Statement of Affairs as at 30/06/17 ₦ &...
An effective accounting system should provide information ...