What is the purpose of income and expenditure a... - SS2 Accounting Differences Between Receipts And Payment Accounts And Income And Expenditure Question
What is the purpose of income and expenditure accounts?
A
To show the actual cash balance of an organization.
B
To show the financial performance of an organization.
C
To identify the assets and liabilities of an organization.
D
None of the above.
correct option: b
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