Question

Income and Expenditure Account records_________
A. Capital Items B. Revenue items C. Both
D. Non of these

Answer 1

Both is the answer

Hope it helps

Mark it as BRAINLIEST if you are satisfied with the answer

Answer 2

Answer:

C ) both !

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.

A distinction is made between capital and revenue items and only revenue items are included in this account.