Question

Revenue account me konsa balance hona chahiye

Answer 1

Answer:

During the normal course of business, any expenditure incurred of which benefit is received during the same accounting period is called revenue expenditure. These expenses help a business sustain its operations and may not result in an increase in revenue.

The amount transferred to trading and P&L account should only be to an extent to which goods or services have been consumed during the accounting period and should transfer to the Debit side of trading or Profit and Loss A/c account.