Income and Expenditure account is the same as the -------...
Income and Expenditure account is the same as the --------- of a sole trader
balance sheet
trading account
profit and loss account
cash book
Correct answer is C
The income and expenditure account shows the summary of revenue and running cost of a non-profit making organization. It follows the same principles as the profit and loss account of a trading concern.
Which of the following is not a proper form of the accounting equation? ...
Turaki Youth Club Income and Expenditure for the year ended 31/12/04 N N Bal.b/d 3...
Departmental accounts are prepared to aid the comparison of the? ...
Sales account was undercast by GH¢ 1,000. When this is corrected, both the gross profit and the...
Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri s books are: debit ...
The standing order is a payment instruction given by a? ...
Expense paid during the conversion of a partnership to a company are? ...