Advertisements
Advertisements
Question
Income and expenditure account is prepared by:
Options
Trading organisations
Non-trading organisations
Non-profit organisations
Both Non-trading organisations and Non-profit organisations
MCQ
Advertisements
Solution
Both Non-trading organisations and Non-profit organisations
Explanation:
Non-profit and non-trading organisations are responsible for preparing the Income and Expenditure Account.
shaalaa.com
Is there an error in this question or solution?
