The income and expenditure account of a club is the same ...
The income and expenditure account of a club is the same as
Single entry account
A profit and loss account
A trading account
A cash book
Correct answer is B
This is because the income and expenditure account just like the profit and loss account shows the income to ascertain surplus or deficit.
An example of capital gain s ...
An agreement made by partners to regulate and govern their business activities is known as ...
In-not-profit-making organizations, accumulated fund is the name for ...
Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A trade discount of 10...
Trade discounts are given for ...
The document evidencing a disbursement of government fund is known as ...
The control account is used in facilitating ...
The transfer of goods between departments is recorded be debiting ...