Accounts
This query is : Resolved
06 June 2017
whom to use receipts & payments account ...
whom to use income & expenditure accounts
whom to use profit and loss accounts......please tell me ....
whom to use income & expenditure accounts
whom to use profit and loss accounts......please tell me ....
CA Shubhanshu Jain
(Expert)
06 June 2017
Receipt and payment account (Just Like Cash A/c) and Income and expenditure account (just like Profit and loss A/c) are prepared by a Non Profit Organization (NPO)
Profit and loss a/c are to be prepared by entities other than NPOs
Profit and loss a/c are to be prepared by entities other than NPOs
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