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Question
Write the word/phrase/term, which can substitute the following sentence.
An account which is prepared by Not for Profit concern instead of Profit and Loss Account.
One Word/Term Answer
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Solution
An account which is prepared by Not for Profit concern instead of Profit and Loss Account. - Income and Expenditure Account.
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Chapter 2: Accounts of ‘Not for Profit’ Concerns - Exercise 2.1 (Objective Type Questions) [Page 112]
