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Accountancy · 2022 · 2 marks
CBSE 2022 · Region 3 · Set 3 · Q1
Distinguish between 'Income and Expenditure Account' and Receipts and Payments Account on the following basis: (1) Nature (2) Depreciation
Distinguish between 'Income and Expenditure Account' and Receipts and Payments Account on the following basis : ($\displaystyle 1$) Nature ($\displaystyle 2$) Depreciation
Marking-scheme solution
Income and Expenditure A/c Receipts and Payments A/c
Nature It is like Profit and Loss A/c It is the summary of cash
book.
Depreciation It includes depreciation Does not include depreciation
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CBSE Class 12 Accountancy past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.