CBSE Class 12-commerce Macroeconomics Income and Expenditure Method

Learn about income and expenditure method from the CBSE Class 12 Commerce Economics chapter National Income Accounting by referring to our revision notes, sample papers, past year papers etc. at TopperLearning.

A firm needs to assess the income and expenses on the goods as value added services. The data generated from them helps ascertain if the firm is in profit or loss of a particular period. This is called the income and expenditure method.