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Income and Expenditure Account is generally prepared in: -

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Question

Income and Expenditure Account is generally prepared in:

Options

  • T form

  • Vertical

  • Dual presentation

  • All of these

MCQ

Solution

All of these

Explanation:

In most cases, the Income and Expenditure Account is prepared in T form, vertically, and with a dual presentation.

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Preparation of Income and Expenditure Account
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