Home » Accounts (Principles of Accounts) » the receipt and payment s acpunt of a not-for-profit-making organization plays a similar role in…the receipt and payment s acpunt of a not-for-profit-making organization plays a similar role in… the receipt and payment s acpunt of a not-for-profit-making organization plays a similar role in a profit-making organization as? A. a cash acount B. a balance sheet C. an income account D. an expenses account Correct Answer: Option B Explanation Related Posts In a departmental account, where no basis of apportionment exist, apportionment is The most appropriate basis for apportioning inventory holding cost among departments is to use the… Beginning and ending accounts receivable balances were N8,000 and N15,000 respectively. If collections from customers… On partnership dissolution, if a partner’s capital account has a debit balance and the partnr… Use the following information to answer the question Use the following information to answer the… When the sum of money appears on the credit side of the cash book, but…
Beginning and ending accounts receivable balances were N8,000 and N15,000 respectively. If collections from customers…