Which of the following is/are feature/features of Income and Expenditure Account?

Question

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The Income and Expenditure Account is a summary of all income earned and expenses incurred over a period, typically for non-profit organizations. It follows the principles of nominal accounts, where all revenue and expense transactions are recorded. It excludes capital incomes and expenditures, focusing solely on operational transactions. Profit on the sale of an asset, being a revenue transaction, is also credited to this account, making all the given options correct features of an Income and Expenditure Account.

Which of the Following Is/are Feature/features of Income and Expenditure