Rewrite the following sentences with appropriate answers.
(a) Fund based accounting is maintained by_____concern.
(b) Life membership fee is a ____receipt.
(c) Income and Expenditure Account records
transactions of____ nature.
(d) A Receipts and Payments Account is prepared on_____basis of accounting.
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Answer:
Explanation:
1. Non Profit Organisations
2. Capital
3. Recurring
4. Cash
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