Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 21 - No. 29)
Which of the following does *not* form part of income and expenditure account for a club or society?
Subscriptions received.
Rent paid.
Equipment at its net book value.
Wages and salaries.
Explanation
Equipment at its net book value is an asset reported on the balance sheet.
Comments (0)
