Where the debit side of the income and expenditure account is higher than the credit side; the difference is a?
A. deflicit B. surplus C. gain D. loss Correct Answer: Option A – deflicit
In the balance sheet; the subscription in arrears will be?
On January 1,2000, a club’s assets and liabilities were as follows: Club house……………….N8,000 Subscription……………..N300 Cash…………………….N1,000 Wages...
The accumulated fund is?
On January 1,2000, a club’s assets and liabilities were as follows: Club house……………….N8,000 Subscription……………..N300 Cash…………………….N1,000 Wages...
The market value of goods produced is?
Materials consumed……………….N16,600 Direct cost……………………..N5,400 Factory rent…………………….N2,300 Factory...Products
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