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The excess of income over expenditure is usually transferred to the
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 2021
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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
Current assets in the balance sheet
B
Profit and loss account
C
Accumulated fund
D
Current liabilities in the balance sheet
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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