A credit balance on a receipt and payments acco... - JAMB Accounting 1999 Question
A credit balance on a receipt and payments account indicates that the non-profit making organization?
A
had more revenues than expenses during the period
B
did not owe much liabilities during the period
C
received more cash than it paid out during the period
D
made more cash payments than it received during the period
correct option: d
Please share this, thanks:
Add your answer
No responses