Accountancy, asked by Mohitu2137, 2 months ago

What are the final accounts Prepaid for the non profit organization

Answers

Answered by prabindkumar413

Answer:

The Final Accounts of non-trading concerns consists of:

Receipts and Payments Account.

Income and Expenditure Account, and. ADVERTISEMENTS:

Balance Sheet.

Explanation:

this is the answer.

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Answered by rinkudevi2318

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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