Which of the following serves the same purpose as the income and expenditure account of…

Accounts - Principles of Accounts WAEC 1994

Which of the following serves the same purpose as the income and expenditure account of a non-trading organization?

  • trading account
  • profit and loss account checkmark
  • balance sheet
  • income distribution account
  • appropriate account

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment