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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
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Income and expenditure account |
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Answer» The income and expenditure account is prepared by the non-trading entities to determine surplus or deficit of income over expenditures for a particular time frame.It is prepared as a portion of final accounts of non-trading entities and is equal to the profit and loss account outlined by for-profit business entities. |
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