In converting single entry to final account, the balancing figures on the income and expenses…

Accounts - Principles of Accounts JAMB 2004

In converting single entry to final account, the balancing figures on the income and expenses accounts are transferred to the?

  • revenue and expenditure account
  • receipts and payments account
  • profit and loss apporpriation account
  • profit and loss account checkmark

The correct answer is: D

Explanation

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