Advertisements
Advertisements
Question
What is the nature of sales of periodicals?
Options
Non-recurring
Recurring
Cannot be determined
None of these
MCQ
Solution
Recurring
Explanation:
Periodical sales are a recurrent item that is recorded on the income side of the Income and Expenditure Account.
shaalaa.com
Preparation of Income and Expenditure Account
Is there an error in this question or solution?
