Question

Not-for-profit entities
maintain which type of
Accounting system.​

Answer 1

Explanation:

• A non-profit organization can choose a cash accounting method or an accrual accounting method for recording its expenses and income. A cash accounting method records transaction amounts when the money trades hands. An accrual accounting method records the amounts when a transaction occurs.

Answer 2

Answer:

A non-profit organization can choose a cash accounting method or an accrual accounting method for recording its expenses and income. A cash accounting method records transaction amounts when the money trades hands. An accrual accounting method records the amounts when a transaction occurs.

Explanation:

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