What are the final accounts Prepaid for the non profit organization
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Answer:
The Final Accounts of non-trading concerns consists of:
Receipts and Payments Account.
Income and Expenditure Account, and. ADVERTISEMENTS:
Balance Sheet.
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Answer:Income and Expenditure account is akin to profit and loss account. The not for profit organisations usually prepare the income and Expenditure account and a balanced sheet with the help of receipt and payment account..
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