Accounting · Double Account System
What are the four main statements/accounts prepared under the Double Account System in public utility undertakings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Manufacturing A/c, Trading A/c, P&L A/c, Balance Sheet
- 2Receipts and Payments A/c, Income and Expenditure A/c, Balance Sheet, Reserve Statement
- 3Revenue A/c, Net Revenue A/c, Capital A/c, General Balance Sheet✓
- 4Trading A/c, P&L A/c, Balance Sheet, Funds Statement
Correct answer
Revenue A/c, Net Revenue A/c, Capital A/c, General Balance Sheet
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