One of the options below have the same features as the profit and loss account in non-profit organization
One of the options below have the same features as the profit and loss account in non-profit organization
A Income and expenditure account
B profit and loss account
C receipts and payment account
D Non profit account
Answer is A
Income and expenditure : This is the type of account that operate same features as the profit and loss account it takes in consideration all arrears and prepayments
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