Economics · Accounting
The Income and Expenditure Account prepared by Non-Profit Organizations (NPOs) is maintained on which of the following accounting bases?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Accrual Basis✓
- 2Accrual-cum-cash Basis
- 3Receipt Basis
- 4Cash Basis
Correct answer
Accrual Basis
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