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The excess of income over expenditure is usually transferred to the?
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 2001
Accounts Of Not-For-Profit-Making Organizations
Income And Expenditure Account
More Topics
The excess of income over expenditure is usually transferred to the?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Accumulated fund
B
Profit and loss account
C
Current assets in the balance sheet
D
Current liabilities in the balance sheet
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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Accounts - Principles of Accounts
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