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Monday, 13 April 2026
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The excess of income over expenditure is usually transferred to the

The excess of income over expenditure is usually transferred to the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Current assets in the balance sheet
  • B Profit and loss account
  • C Accumulated fund
  • D Current liabilities in the balance sheet
Correct Answer: Option C
Explanation:

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