Subjective Questions on ldquo Income and Expenditure Account of a Not for Profit Organisation is akin to Profit and Loss Ac........... for Commerce 12th Preparation

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Subjective Questions

ldquo Income and Expenditure Account of a Not for Profit Organisation is akin to Profit and Loss Ac...........

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    “Income and Expenditure Account of a Not-for-Profit Organisation is akin to Profit and Loss Account of a business concern”. Explain the statement.     (5 marks)

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