Question

Q. 10. When the Receipts and Payments Account is
converted into an Income and Expenditure
Account and accounting concept is to be followed
for provisions of the accruals and outstanding,
what is the concept that is followed ?
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Answer 1

Answer:

Non For Profit Concern ( NPO )

Answer 2

Answer:

receipts and account

Explanation:

When the Receipts and Payments Account is converted into an Income and Expenditure Account, an accouting concept is to be followed for the provisions of the Accruals and Outstanding. ... Accrual Concept of Accounting' is to be followed.