Which of the following serves the same purpose as the income and expenditure account of a non-trading organization?
A trading account
B profit and loss account
C balance sheet
D income distribution account
Answer is B
Do you need a better understanding of this subject?
Do you need assignment help or homework help, tips and expos on how to pass your exams excellently well? Then Click Here To Start.
This tutorial class is limited to 250 students only. JOIN OTHER STUDENTS HERE NOW
