which account calculate surplus/dificit of NPO?
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Answer:
maybe it will be receipts and payment account
Explanation:
how it will help
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Explanation:
capital fund
In other words, the excess of assets over the liabilities for a profit earning organisation is termed as capital and the same for an NPO is termed as capital fund. Any surplus or deficit ascertained from Income and Expenditure account is added to (deducted from) the capital fund. It is also termed as Accumulated Fund.
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