Accountancy, asked by sanikapanchal76, 6 hours ago

why income and expenditure account is prepared? answer in one sentence only

Answers

Answered by shohabbillal

0

Explanation:

Income and Expenditure Account is prepared to ascertain, whether the concern has sufficient incomes to meet its expenses, or not.

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Answered by aayushav06

0

Explanation:

Income and Expenditure Account is prepared to ascertain, whether the concern has sufficient incomes to meet its expenses, or not.

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