Budget manual - meaning and content.

Test your financial accounting knowledge #2341

A credit balance on an income and expenditure account for the club is dealt with by:

A. Adding to the accumulated fund

B. Subtracting from accumulated fund.

C. Adding to club’s bank balance

D. Showing as a prepayment in statement of financial position.

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: