what is income and expenditure account?
Answers
Answered by
1
Answer:
The Income and Expenditure Account is a summary of all items of incomes and expenses which relate to the ongoing accounting year. ... It is quite similar to the Trading and Profit and Loss Account of a trading concern and is prepared in an exact manner. Income and Expenditure Account is prepared on an accrual basis.
Answered by
1
Answer:
The Income and Expenditure Account is a summary of all items of incomes and expenses which relate to the ongoing accounting year. ... It is quite similar to the Trading and Profit and Loss Account of a trading concern and is prepared in an exact manner. Income and Expenditure Account is prepared on an accrual basis
Explanation:
it's helpful for you
Attachments:
Similar questions