Which of the following items are shown in the income and expenditure account?

Related MCQs

• Income and Expenditure account shows subscription at 2,50,000. Subscriptions accrued in the beginning of the year and at the end of the year were 25,000 and 37,500 respectively. The amount of subscriptions received appearing in re ceipts and payments account will be
• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• Which of the following item is shown in the Receipt and Payment account?
• Income tax of the sole trade paid is shown
• Which of the following is capital expenditure?
• When incomes recognised on cash basis and expenditure recognised on accrual basis, the system termed as
• Which one is not considered as capital expenditure?
• An expenditure is capital in nature when
• An expenditure is in capital nature when
• Capital expenditure are recorded in the ………………..