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church accounts

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(Querist)
30 April 2017 hi would request any body tell me the way of Church books of accounts and returns. In which accounting standard will come under thanks regards poorna chander
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
04 May 2017 Since the church is not formed for making profits and you can maintain the books as maintained by Charitable society. Receipts and payments can be shown and Balance sheet can be prepared for recording the assets and liabilities.
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