All items of revenue in nature are shown in -

Income and Expenditure A/c

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Balance Sheet

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Both Income and Expenditure A/c and Balance Sheet

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None of these

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Solution

The correct option is A
Income and Expenditure A/c

All items of revenue nature are shown in income and expenditure account.

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Similar questions

Q. How are the following items of subscriptions shown in the Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheets as at 31st March, 2017 and 2018 ?
₹
Subscriptions received during the year ended 31st March, 2018 3,58,500
Subscriptions outstanding on 31st March ,2017 30,000
Subscriptions received in Advance on 31st March,2017 22,500
Subscriptions received in Advance on 31st March,2018 13,500
Subscriptions outstanding on 31st March ,2018 37,500
(including ₹ 12,500 for the year ended 31st March, 2017)

Q. Income and Expenditure account is ________ by balance sheet whereas Receipt and Payment account is __________by balance sheet

Q. Comparing items on _________ side of the Receipts and Payment Account with ________ side of the Income and Expenditure account is one of the step adopted in preparation of balance sheet.

Q. The ______________ is the summary of cash and bank transactions which helps the preparation of Income and Expenditure account and Balance Sheet.

How will you deal with the following item while preparing the Income and Expenditure Account for the year ending on March 31, 2016, and a Balance sheet as on that date in cash of the following case?

$\begin{matrix} As at 1-4-2015 & As at 31-3-2016 (Rs) & (Rs) Creditors for sports materials & 2, 000 & 1, 300 Stock of sports materials & 3, 000 & 500 \end{matrix}$

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All items of revenue in nature are shown in -

The correct option is A Income and Expenditure A/c All items of revenue nature are shown in income and expenditure account.

The correct option is A
Income and Expenditure A/c

All items of revenue nature are shown in income and expenditure account.