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प्रश्न
Income and Expenditure Account is a ______ account.
रिक्त स्थान भरें
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उत्तर
Income and Expenditure Account is a nominal account.
Explanation:
The Income and Expenditure Account is a nominal account as it records all revenues and expenses of a not-for-profit organisation for a particular accounting period, similar to a Profit & Loss Account in businesses.
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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]
