state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Financial Accounting Double Entry Book Keeping
What issue is raised regarding the correctness of the profit or loss figure in the Double Account System?
1
Interest is included in the Revenue Account
2
Depreciation is ignored
3
Repairs and renewals are charged to Revenue in the period incurred, potentially causing fluctuations
4
Capital expenditure is incorrectly included