Accountancy, asked by 123zxc, 1 year ago

final accounts prepared by not for profit organisation with meaning

Answers

Answered by sachinarora2001
0
There are 2 accounts and 1 statement is prepared by non profit organisation for final accounts...

1/ Receipt and payments account
2/ Income and expenditure account.
3/ Balance sheet...


Receipt and payment account is the account which is prepared by npo for knowing all the receipts and payments for whole year...


Income and expenditure account is prepared by npo to knowing all the income and expense of whole year..
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