Do all hospitals prepare income and expenditure account
Answer (1)
6th Feb, 2019
Hii aspirant,
Income and Expenditure Account is prepared on an accrual basis. All incomes and expenses relating to the accounting year, whether they are actually received and paid or not, are taken into consideration. ... A distinction is made between capital and revenue items and only revenueitems are included in this account.
Thank you,
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