Answers

2015-08-16T19:44:07+05:30
income account is the account which tell the money earned monyhly or annualy
expenditure account is the account which tells us about the money spent monthly or annualy.
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2015-08-19T16:00:05+05:30
Income A/c is the account which tells us about the money earned by a business by its activities during an accounting period
Expenditure A/c is the account which tells money incuured on production or manufacturing, i.e. cost of manufacturing of goods.
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