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    Financial Accounting
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    Exam 47: Single Entry System and Profit Calculation
  5. Question
    Income and Expenditure Account Records Transactions Of
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Income and Expenditure Account Records Transactions Of

Question 41

Question 41

Multiple Choice

Income and Expenditure Account records transactions of:


A) Revenue nature only
B) Capital nature only
C) Both revenue and capital nature
D) Income of only revenue nature and expenditure of revenue and capital nature

Correct Answer:

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