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Standard XII
Accountancy
Income and Expenditure Account
Find the syno...
Question
Find the synonym of the underlined word.
A treasurer must
account
for every penny that he spends.
A
Evaluate
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B
Classify
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C
Keep record
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D
Allot
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E
Reckon
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Solution
The correct option is
D
Keep record
'Account' means to keep a record or statement of financial expenditure and receipts relating to a particular period or purpose.
"The barman was doing his accounts."
In this context, A treasurer must account or keep record of every penny that he spends. So, option C is correct and the other options are not.
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Standard XII Accountancy
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