The excess revenue over expenditure is charged to

FINANCIAL
JAMB 2012

The excess revenue over expenditure is charged to

  • A. profit and loss
  • B. revenue account
  • C. accumulated fund
  • D. income and expenditure acccount

Correct Answer: C. accumulated fund



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.