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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Income and Expenditure Account is prepared to find out __________. - Accountancy

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Question

Income and Expenditure Account is prepared to find out __________.

Options

  • Profit or loss

  • Cash and bank balance

  • Surplus or deficit

  • Financial position

MCQ
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Solution

Income and Expenditure Account is prepared to find out Surplus or deficit.

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Chapter 2: Accounts of not–for–profit organisation - Multiple choice questions [Page 70]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 2 Accounts of not–for–profit organisation
Multiple choice questions | Q I 5. | Page 70
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