Question

which one of the following account balance is not carry forward to next year​

Answer 1

Answer:

a) Revenue items

Revenue items both expenditure as well as income cannot be carried forwarded to next year.

Explanation:

"The given question is incomplete, the question can be;"

Question: which one of the following account balance is not carry forward to next year​

a) Revenue items

b) Capital items

Revenue items included Direct expenses, Direct income, Indirect income and indirect expenditure.

All revenue items are pertaining to one operating cycle which are of current nature not extending period more than 12 months.