Question

consider the income and expenditure of you
family and make an account sheet for it.​

Answer 1

Answer:

Preparation of Income and Expenditure Account

1

Include all items of revenue receipts and expenses, on the respective side of the account.

2

Ensure that no items of capital incomes and expenses are included in this account.

3

Also, adjustment for amounts prepaid and outstanding, with respect to each item will have to be made.

Step-by-step explanation:

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