Accountancy, asked by Anonymous, 1 year ago

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what is the difference between npo and financial statement?

Answers

Answered by kriti9agr
3
In addition to a balance sheet, a for-profit will prepare an income statement each quarter. ... Nonprofit organizations, on the other hand, do not compile an income statement but instead prepare a statement of activities each quarter.

Financial statement is for profit and loss of company but NPO is not for profit it is for society service.



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kriti9agr: wlc
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