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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Credited to the income and expenditure account and shown as a liability in the balance sheet
- B Debited to the income and expenditure account and shown as an asset in the balance sheet
- C Credited to the income and expenditure account and shown as a liability in the balance sheet
- D Debited to the income and expenditure account and shown as a liability in the balance sheet
Correct Answer: Option B
Explanation:
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