Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

The distinction between revenue account and capital account is necessary for the preparation of:

  • Cash flow statement
  • Receipt and payment account
  • Final accounts
  • Funds flow statements
  • c
  • There are four major types of Capital Account which are Working Capital, Debt, Equity and Trading Capital.
    Revenue Account is that account which in which revenue earned by companies operations and business activities.

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