Which account shows surplus or deficit in case of Not-for-Profit Organisation?
Answers
Answered by
0
Answer:
income and expenditure account
Answered by
0
Answer:
capital fund account
Explanation:
It ends with a closing balance of cash in hand and cash at bank. The closing balance of this account is carried forward to the next year's receipts and payments account and current year's balance sheet. The surplus or deficit balance shown by it is carried to the capital fund account.
Similar questions