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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