Home » Accounts (Principles of Accounts) » Which of the following serves the same purpose as the income and expenditure account of…Which of the following serves the same purpose as the income and expenditure account of… Which of the following serves the same purpose as the income and expenditure account of a non-trading organization? A. trading account B. profit and loss account C. balance sheet D. income distribution account E. appropriate account Correct Answer: Option B Explanation Related Posts The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected… Retained profits is an example of The founders of a company are? Which of he following is a current asset item? Determine the year”s purchase from the following information relating to a firm. Total creditor”s b/f… The portion of authorized capital that has been allotted to subscribers
Determine the year”s purchase from the following information relating to a firm. Total creditor”s b/f…
