Question
Which one of the following statements is correct about
Income and Expenditure Account?Solution
In Income and Expenditure Account, all the revenue incomes and revenue expenses are recorded and therefore it is a Nominal Account and not a real Account.
Answer the questions based on the information given below.
There are seven persons L, M, N, O, P, Q and R in the family of three generations. N...
If K is son of X, then how is L related to P?
How is A related to E?
How is E related to X?
How is W related to mother of Z?
How is Y related to Z?
- In a family, there are only six members, S is the brother-in-law of T. T is the brother of Q. U is the father of Q. R is the paternal uncle of Q. V is the ...
Who is mother of M?
In a family, there are six members. L is the father of K. N is married to K. H is the daughter-in-law of N. N is not the father of T. T is the brother-i...
P, F’s father, has a grandchild, Vartika is the mother of K who has a son N, but K is not the daughter. K has a brother. Vartika and P are married...
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