WAEC Accounting 2012 Objective — Question 21
Question 21 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.
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Which of the following is not prepared by a partnership?
- A. Trading Account
- B. Profit and loss Account
- C. Income and Expenditure AccountCorrect
- D. Profit and Loss Appropriation Account
Explanation
Income and expenditure account is prepared by not-for-profit making organisations.
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