Question

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​​

Answer 1

Answer:

(A) Excess / Deficit

Explanation:

Income and Expenditure Account is a nominal account. ... The closing balance of this account shows a surplus or deficit for the year. If the credit side exceeds the debit side, there is surplus. On the other hand, if the debit side exceeds the credit side, there is a deficit.