Advertisements
Advertisements
Question
Answer the following question:
State the basis of accounting of preparing the 'Income and Expenditure Account' of a 'Not-For-Profit Organisation.
One Line Answer
Advertisements
Solution
The 'Income and Expenditure Account' of a 'Not-for-Profit Organisation' is prepared on accrual basis.
shaalaa.com
Is there an error in this question or solution?
