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.
Given; Purchases = N20,000 Sales = N40,000 Carriage inwards = N5,000 Carriage outwards = N5,000 ...
Opening stock + Purchases + carriage inwards is equal to ...
Accrual accounting differs from cash accounting because it recognizes? ...
Given: Sales Ledger Control Account (Extracts) Balance b/f N10,600 Total cash payments by debtors...
$ Cash book balance (credit) 750 Uncredited chequ...
When a share is sold for less than its nominal value, the difference is called ...
Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) P...
The part of the C.P.U used for the processing of data is ...