Which of the following item/items will be included in income and expenditure account?
I. Accrued expenses
II. Credit purchases
III. Prepaid expenses
IV. Opening cash balance
Select the correct answer from the options given below and mark your answer sheet accordingly.
A. I
B. I and II
C. II and III
D. III and IV
Answer: Option B
This Question Belongs to Commerce >> Accounting
Join The Discussion