Question

what is income and expenditure accounts​

Answer 1

Answer:

The income and expenditure account is outlined by the non-trading entities to determine surplus or deficit of income over expenditures for a particular time frame. ... It is outlined as a portion of final accounts of non-trading entities and is equal to the profit and loss account outlined by for-profit business entities.

Answer 2

Answer:

Hope it helps

Explanation:

The income and expenditure account is outlined by the non-trading entities to determine surplus or deficit of income over expenditures for a particular time frame. It is outlined as a portion of final accounts of non-trading entities and is equal to the profit and loss account outlined by for-profit business entities.