Question

income and expenditure aacount preparation



how to prepare it??​

Answer 1

Preparation of Income and Expenditure Account

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

• Ensure that no items of capital incomes and expenses are included in this account.
• Also, adjustment for amounts prepaid and outstanding, with respect to each item will have to be made.

Answer 2

Explanation:

Hey .....

Preparation of Income and Expenditure Account

Include all items of revenue receipts and expenses, on the respective side of the account. Ensure that no items of capital incomes and expenses are included in this account.

HOPE IT'S HELPFUL FOR YOU PLEASE MARK AS BRILLIANT AND FOLLOW ME