HELLO FRIENDS, CAN ANYBODY TELL ME IN CASE OF THE SCHOOLS AND OTHER EDUCATIONAL INSTITUTES WE HAVE TO PREPARE INCOME & EXPENDITURE A/C INSTEAD OF P/L A/C.
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Non Profit Organisations ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
DEAR RAJ KUMAR
INTENTION OF SCHOOL AND OTHER EDUCATIONAL INSTITUTE ARE NOT TO MAKE A PROFIT. BECOSE THAY ARE NON PROFIT ORGANISATION ITD NOT ALLOW TO MAKE P/L A/C FOR NPO. P&L A/C IS ALLOWE ONLY PRFIT MAKING ORGANISATION,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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