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(Querist)
06 June 2017 whom to use receipts & payments account ...


whom to use income & expenditure accounts



whom to use profit and loss accounts......please tell me ....
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CA Shubhanshu Jain

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CA Shubhanshu Jain (Expert)
06 June 2017 Receipt and payment account (Just Like Cash A/c) and Income and expenditure account (just like Profit and loss A/c) are prepared by a Non Profit Organization (NPO)

Profit and loss a/c are to be prepared by entities other than NPOs

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