The excess of income over expenditure is usually transferred to the
Accumulated fund
Profit and loss account
Current assets in the balance sheet
Current liabilities in the balance sheet
Correct answer is A
No explanation has been provided for this answer.
N500
N1,500
N2,000
N2,500
Correct answer is C
No explanation has been provided for this answer.
N24,000
N22,000
N14,000
N8,000
NO OPTION INDICATED
Correct answer is E
No explanation has been provided for this answer.
N36,000
N34,000
N30,000
N20,000
Correct answer is D
No explanation has been provided for this answer.
Current asset
Current liability
Fixed asset
Capital
Correct answer is B
No explanation has been provided for this answer.