πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Which of the following is/are feature/features of Income

      and Expenditure Account?
      A It follows Nominal Account Correct Answer Incorrect Answer
      B All Capital incomes and expenditures are excluded Correct Answer Incorrect Answer
      C Profit on sale of asset is credited Correct Answer Incorrect Answer
      D A, b, c and d Correct Answer Incorrect Answer
      E It follows personal account Correct Answer Incorrect Answer

      Solution

      All of the above options excluding e are correctly describing Income and Expenditure Account

      Practice Next
      ask-question