The loss made by a non profit making organization is call...
The loss made by a non profit making organization is called
Deficit
Surplus
Discount
Shortage
Correct answer is A
A deficit occurs for a nonprofit organization whenever its expenses exceed its revenue . deficit in a non for profit making organization stands for loss and it is the excess of expenses over bar profit and other income.
Given: 31/12/98 31/12/99 Assets: Plant and Mach. N1,500 N1,200 Fixtures N700 N520 Stock N500 N600...
When the debit side total of an account, it means that the account has ...
.....................Departments ..................... P &nb...
Resources owned and controlled by a business are classified as ...
\(\begin{array}{c|c} \text{1/1/06 Debtors} & D2,600\\ \text{1/1/06 Provision for bad debts} &a...
Which of the following item is found on the credit side of the sales ledger control account? ...
Appropriation Account Kudu Wale Interest on capital 750 550 Salaries 800 600 Share of pr...