Question

Sale of food stuff in npo . What will b the treatment in income and expendeture account?

Answer 1

First you should do journal
Then in leader arrange the journal entry
And transfer the identified income aspect and expenditure aspect then treatment in income and expenditure is to find the profit and it should transfer to balance sheet


Note :will doing NPO YOU SHOULD CONCENTRATE ON SALARY OUTSTANDING AND INCOME YET TO PAID CALUCULATION