Who prepare income and expenditure account and for what?
Answer Posted / a.madhu sudhan rao
Income & Expenditure account prepared by the Non Profit
Organisations like Hospitals, Schools , Colleges , Trusts ,
SOcieties
This Organisations prepare Receipts & Payments and Income
and Expenditure because their main objective is Services to
People not for Profit
| Is This Answer Correct ? | 89 Yes | 8 No |
Post New Answer View All Answers
What is the content of purchase order? n content of voucher? what is the main use of voucher.
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
what is operational risk and market risk in basel 2 norms.
What is the meaning of Debt reconciliation and how to do debt reconciliation?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
Difference between cash and merchantile system?
what are Blue-Chip companies?
what is dieerence between capital cpapital structure
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
how we could adj. the entries of prop. & firm in merging time
Expand---------MRDT
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
who invented acounts?
what did you mean by cash credit limit account ?