In a non-profit oriented organization, the excess of income over expenditure is

Accounts - Principles of Accounts WAEC 1992

In a non-profit oriented organization, the excess of income over expenditure is

  • asses ro the capita,l
  • added to the accumulated fund checkmark
  • deducted from the capital
  • deduced from the accumulated fund
  • deduced from the reserve

The correct answer is: B

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