Income and Expenditure Account records transactions of -
(A) Capital nature only
(B) Revenue nature only
(C) A and B both
(D) None of these
Answered Feb 05, 2023
Correct option is: (B) Revenue nature only
Fixed Capital Method
Correct option is: (D) None of these
Correct option is: (B) Real Account
Correct option is: (B) Revenue expenditure
Correct option is: (B) Assets - Liabilities
Correct option is: (B) Capital payment
Correct option is: (A) Personal Account
Correct option is (c) recurring
(i) Agree (ii) Agree (iii) Agree (iv) Agree (v) Agree
(i) Single Entry System (ii) Statement of Affairs
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