income and expenditure account मीनिंग इन हिंदी

For example, it may be thought to help understanding and facilitate economic analysis if what is included under the heading of Consumption is the same in the Consumer Price Index and in the national income and expenditure accounts.
Example : A sales account is opened for recording the sales of goods or services and at the end of the financial period the total sales are transferred to the revenue statement account ( Profit and Loss Account or Income and Expenditure Account ).
Its specific duties are to ensure that the financial management of the Institute is carried out strictly in accordance with recognised accounting practice and the Institute Rules and ensuring that an annual budget for the Institute's income and expenditure account is prepared.