Accountancy, asked by roshniptdr8111, 6 months ago

prepare income and expenditure and balance sheet of given question​

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Answered by Anonymous
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Answer:

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.

Explanation:

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