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P2 C9 Accounts ol‘Non—trading Concerns — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C9 Accounts ol‘Non—trading Concerns1 Mark
MCQ
Where to record capitalized income?
  • A
    Debit side of Income - Expenditure Account
  • B
    Credit side of Income - Expenditure Account
  • ✓
    Added to Capital fund in balance sheet
  • D
    Deducted from capital fund in balance sheet.
✓

Answer

Correct option: C.
Added to Capital fund in balance sheet

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