wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The balance of income and expenditure account shows .

A
cash in hand
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
capital fund
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
net profit or loss
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
surplus or deficit
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D surplus or deficit
The balance of income and expenditure account shows surplus or deficit.

flag
Suggest Corrections
thumbs-up
5
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Accounting Treatment - I
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon