Why should we record only cash transactions in NPOs Receipts and Payments A/c ?
Answers
Answered by
0
Answer:
because,Receipt and payment account cannot disclose the true result of a non-profit organization.
Answered by
2
Answer:
Receipts and Payments are only the summarized form of cashbook i.e. only summary of cash transactions are made as per cash book. So, cash transactions are not recorded in Receipts and Payments A/C of NPOs.
:)
Similar questions