Income and expenditure account is based on ___

Cash accounting

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Accrual accounting

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Government accounting

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Accrual accounting

Income and expenditure account is based on accrual accounting

Suggest Corrections

Similar questions

Income and expenditure account is prepared based on

Join BYJU'S Learning Program