Revenue account includes items related to the _______.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. current financial year.
A revenue account records income and expenses that pertain to the current financial year only. It includes items such as sales revenue, service income, salaries, rent, and utility expenses, which are incurred or earned during that period. It does not include transactions from the previous or next financial year, as those are handled in adjustments or accounts specific to those periods. Therefore, among the given options, current financial year is correct.