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Gamji Memorial Club carried out an activity which yield a profit of N10 000. This amount is to be transferred to the?

Gamji Memorial Club carried out an activity which yield a profit of N10 000. This amount is to be transferred to the?

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

Answer is D

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