Income and expenditure account is prepared on Accrual basis. Accrual basis of accounting is wherein all the expenses that are actually incurred and incomes ...

The correct option is C By Not-for-profit Organisation Income and Expenditure Account is prepared by not for profit organisations.

Income and expenditure account is prepared by Not-for profit organisation.

While these accounts are generally prepared by internal accountants of a non-trading organization, these are audited independently by external auditors. Such ...

The income and expenditure account is prepared by non-trading concerns at the end of the accounting period matching revenue receipts with revenue expenses ...

Income and Expenditure Account is a Nominal Account which is prepared at the end of the accounting period by a Not-For-Profit Organisation to ascertain the ...

27 апр. 2023 г. · Income and Expenditure Account is a nominal account prepared by not-for-profit organisations to ascertain the surplus or deficit of the organisation.

Income and Expenditure Account is prepareda By Business Organisationb By Industrial Organisationc By Not for profit Organisationd By all organisation.

4 июн. 2022 г. · Non-profit and non-trading organisations are responsible for preparing the Income and Expenditure Account.