Accountancy, asked by sivanesh954, 3 months ago

Which of the following is not recorded in the Income and Expenditure Account as an Income to the organisation?​

Answers

Answered by llSarcasticBalikall
2

Answer:

Profit on the sale of a fixed asset

Explanation:

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Answered by rounitmourya2001
0

Answer:

Income and expenditure account records all those transactions which are of capital nature, that is, they affect the capital.

Out of all only profit and loss are of capital nature and hence have to be recorded in income & expenditure account.

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