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Answer in one sentence only. Why Income and Expenditure Account is prepared? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.

Why Income and Expenditure Account is prepared?

एक पंक्ति में उत्तर
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उत्तर

Income and Expenditure Account is prepared to ascertain whether the concern has sufficient income to meet its expenses.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [पृष्ठ ११३]

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बालभारती Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
अध्याय 2 Accounts of ‘Not for Profit’ Concerns
Exercise 2.1 (Objective Type Questions) | Q 1. E) 4. | पृष्ठ ११३
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