MCQOPTIONS
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| 1. |
Which of the following items are shown in the income and expenditure account? |
| A. | Only items of capital nature. |
| B. | Only items of revenue nature which are received during the period of accounts. |
| C. | Only items of revenue nature pertaining to the period of accounts. |
| D. | Both the items of capital and revenue nature. |
| Answer» D. Both the items of capital and revenue nature. | |