SELECT * FROM question_mgmt as q WHERE id=1392 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=11 AND chapterId=134 and ex_no='3' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th accountancy Accounting for Not-for-Profit Organisation state the meaning of income and expenditure accoun

Question:

State the meaning of Income and Expenditure Account.

Answer:

The Income and Expenditure Account is prepared on an accrual basis with the help of Receipts and Payments Account along with additional information regarding outstanding and prepaid expenses and depreciation etc.


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  • Answered by Ekta Mehta
  • 4 months ago

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