The Revenue account prepared by not-for-profit organisation is called.
A. Receipt and Payment A/c
B. Profit and Loss A/c
C. Income and Expenditure A/c
D. Statement of affairs
Answer:C
The Revenue account prepared by not-for-profit organisation is called.
A. Receipt and Payment A/c B. Profit and Loss A/c C. Income and Expenditure A/c D. Statement of affairs