Question : Income and expenditure account records income and expenditure of :
Option 1: Capital nature only
Option 2: Revenue nature only
Option 3: both Revenure and capital nature
Option 4: None of the above

Question

Question : Income and expenditure account records income and expenditure of :

Option 1: Capital nature only

Option 2: Revenue nature only

Option 3: both Revenure and capital nature

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: Revenue nature only

Solution : Income and Expenditure Account records income and expenditure of a revenue nature only. Hence, the correct option is 2.

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Question : Income and expenditure account records income and expenditure of :Option 1: Capital nature only Option 2: Revenue nature onlyOption 3: both Revenure and capital nature Option 4: None of the above

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Question : Income and expenditure account records income and expenditure of :
Option 1: Capital nature only
Option 2: Revenue nature only
Option 3: both Revenure and capital nature
Option 4: None of the above

Question : Fill in the blanks-
____________________= Revenue expenditure - Revenue receipts.