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Teaching Accountancy Final Accounts Question Bank MCQ - Final Accounts

  • question_answer
    Entrance fee received (to be capitalised) ` 500, capital fund ` 40100. What amount will be posted in the income and expenditure account?

    A)  ` 500                                      

    B)  ` 40600

    C)  ` 40100                                   

    D)  None of these

    Correct Answer: D

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