In the balance sheet of a not-for-profit-making organization, subscription paid in advance is regarded s a? Posted on:
Where the debit side of the income and expenditure account is higher than the credit side, the difference is a? Posted on:
The club has 50 members and annual subscription is N100 per member. Subscription received is N4,000 and this includes 1999 arrears of N200. The accumulated fund is? Posted on:
Cost of production to be transferred at cost plus 20% mark-up. The gross profit on manufacture is? Posted on:
The beginning inventory was estimated at 80% of sales. Determine the amount for the beginning inventory? Posted on:
In converting single entry to final account, the balancing figures on the income and expenses accounts are transferred to the? Posted on:
The collection from customers during the period was N70,000. What was the total sale on account? Posted on:
