Question

(iii) Income and expenditure A/c is based on :
(a) Cash Accounting
(b) Accrual Accounting
(c) Government Accounting
(d) Management Account​

Answer 1

Answer:

accrual accounting. like my answer and Mark me as brainliest followme

Explanation:

Income and Expenditure Account is prepared on an accrual basis. All incomes and expenses relating to the accounting year, whether they are actually received and paid or not, are taken into consideration. Expenditure is recorded on the debit side and income is recorded on the credit side.

Answer 2

Answer:

(B )option is the right answer

Explanation:

Accrual accounting is based on Income and expenditure A/c...

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