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Income And Expenditure

Excellent commerce point > Income And Expenditure
Preparation of Financial Statements of Not-for-Profit Organisations
15
Sep

Preparation of Financial Statements of Not-for-Profit Organisations Question 1.Write short note on the following:Features of Income and Expenditure Account (June 2019, 5 marks)Answer:Features of Income and Expenditure Account: It follows Nominal Account. All expenses of revenue nature for the particular period are debited to this Account on accrual basis. Similarly, all revenue incomes related to […]

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Tags: Accounting Basics , Accounting Concepts , Balance Sheet , ca foundation , cma foundation , Commerce Students , Financial Statements , Income And Expenditure , Not For Profit Organisations , Receipts And Payments ,