Income and Expenditure Account records income and expenditure items of ______________.

The correct option is D Only revenue nature related to the current period
Income and expenditure account is a nominal account and is just like a profit and loss account. All the expenses are recorded on the debit and side and incomes on the credit side. It records all incomes and expenses on accrual basis which means as and when its realised or incurred. Hence items related with the current period are to be recorded only.