Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 4 - No. 27) | ExamPlay

Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 4 - No. 27)

Which of the following is an example of an item that would appear in the income and expenditure account?

Capital introduced

Subscriptions received

Depreciation

Equipment purchased

Explanation

Depreciation is an expense that appears in the Income and Expenditure Account.

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