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Gamji Memorial Club carried out an activity which yield a profit of N10 000. This ...

Gamji Memorial Club carried out an activity which yield a profit of N10 000. This amount is to be transferred to the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Debit side of its profit and loss account
  • B Credit side of its profit and loss account
  • C Debit side of its income and expenditure account
  • D Credit side of its income and expenditure account
Correct Answer: Option D
Explanation:

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