The accumulated fund for a not-for-profit making organiza...
The accumulated fund for a not-for-profit making organization is
Capital + liabilities
Assets - liabilites
Assets + liabilites
Assets - liabilities + capital
Correct answer is B
The capital of a non-profit making organization is known as Accumulated fund. It is calculated as: Accumulated fund = Total assets - Total liabilities.
In a single-entry accounting, purchases are ascertained using a ...
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The purchase of ten ceiling fans by Akpan Electronic Enterprises will be recorded as ...
Share premium is classified in the balance sheet as ...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
A discount that is allowed to encourage a debtor to pay off his debt within a period is the ...