Maharashtra State BoardHSC Commerce 11th
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Answer in one sentence only: Give two examples of income and gains. - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only:

Give two examples of income and gains.

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Solution

Examples of income and gains are:

(1) Discount received,
(2) Rent received,
(3) Profit on sale of furniture.

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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
Exercise Q.1 | Q 8 | Page 38
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