Accountancy, asked by saifalam5942, 1 month ago

1. आय तथा व्यय खाता सामान्यतया दिखाता
(A)आधिक्य/घाटा
(B) रोकड़ शेष
(C) पूँजी कोष
(D)शुद्ध लाभ/ हानि

1. Income and expenditure account usually shows

(A) excess / deficit
(B) cash balance
(C) Capital Fund
(D) Net profit / loss​

Answers

Answered by xyzmynameis
1

Answer:

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Answered by Berseria
16

Question :

Income and expenditure account usually shows :

Answer :

A ) Excess / Deficit

Income And Expenditure Account :

Not for profit organizations prepare income and expenditure account which is similar to a profit and loss ac of a trading concern. It is a nominal Account and is debited with all expenses or losses and credited with all incomes and gains.

If the Credit side of the account exceeds the debit side ( income over expenditure) it results in surplus and if debit side ( expenditure over income ) exceeds it results in deficit.

Format Of Income And Expenditure account is attached ;

Attachments:
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