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Does the Summary Income and Expenditure account in the
Charities SORP comply with the Companies Act 1985?
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Answer Posted / guest
Yes. The Companies Act 1985 (sch. 4) allows adaptation of
standard headings if 'special nature of business' demands
it. It is generally accepted that company charities are
companies with a 'special nature'.
| Is This Answer Correct ? | 2 Yes | 0 No |
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