Advertisements
Advertisements
प्रश्न
Income and Expenditure Account is a ______ account.
रिकाम्या जागा भरा
Advertisements
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.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [पृष्ठ ११३]
