Question : Income and Expenditure Account is
Option 1: property account
Option 2: personal account
Option 3: nominal account
Option 4: capital account
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Correct Answer: nominal account
Solution :
The correct answer is a nominal account.
All gains are credited and all expenses are debited in a nominal account by accounting regulations. Non-trading entities prepare income and expenditure accounts to see if there is a surplus or deficit for a specific period.
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Question : Directions: In the following question, select the related word from the given alternatives. Summer : Aestivation :: Winter : ?
Option 1: Cache
Option 2: Hibernation
Option 3: Survival
Option 4: Activation
Question : The term of a Governor is
Option 1:
4 years
Option 2:
5 years
Option 3:
6 years
Option 4: 3 years
Question : The minimum age limit for the membership of the Vidhan Parishad as of 2017 is ___________.
21 years
25 years
30 years
Option 4: 35 years
Question : Which of the following states has a bicameral legislature as of 2016?
Tamil Nadu
Punjab
Karnataka
Option 4: Jammu and Kashmir
Question : Chief Ministers of state are members of __________.
NITI Commission
Finance Commission
National Developmental Council
Option 4: Election Commission
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