Question

what is the treatment for this in income and expenditure A/c

irrelevant answers will be reported and ​

Answer 1

Answer:

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The income and expenditure account is prepared by the non-trading entities to determine surplus or deficit of income over expenditures for a particular time frame. The accumulated or accrual concept of accounting is rigidly pursued while preparing income and expenditure a/c of non-trading concerns.Balance

b/d: 5,000

Donation: 1,000

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