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
Answer:
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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 ;