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.
2 Replies
CA Final
(CA Final Student)
(856 Points)
Replied 03 September 2010
Non Profit Organisations ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
riyaz shaikh
(student)
(77 Points)
Replied 09 September 2010
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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