Advertisements
Advertisements
प्रश्न
Income and Expenditure Account includes items of ____ nature only.
पर्याय
capital
- revenue
fixed
non-recurring
MCQ
Advertisements
उत्तर
Income and Expenditure Account includes items of revenue nature only.
Explanation:
Income and Expenditure Account is prepared by following the rule of Nominal Account i.e. debit all the expenses and losses; credit all the incomes and gains. We transfer only the items of revenue nature, which are related to the current year only.
Hence, the correct answer is option (b).
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
