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Which of the following is to be recorded in an income and expenditure account?a)Purchase of a fixed assetsb)Profit on sale of fixed assetsc)Capital expenditure incurred on a fixed assetsd)Sale of a fixed assetsCorrect answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following is to be recorded in an income and expenditure account?a)Purchase of a fixed assetsb)Profit on sale of fixed assetsc)Capital expenditure incurred on a fixed assetsd)Sale of a fixed assetsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is to be recorded in an income and expenditure account?a)Purchase of a fixed assetsb)Profit on sale of fixed assetsc)Capital expenditure incurred on a fixed assetsd)Sale of a fixed assetsCorrect answer is option 'B'. Can you explain this answer?.

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