One of the options below have the same features... - JAMB Accounting 2017 Question
One of the options below have the same features as the profit and loss account in non-profit organization
A
Income and expenditure account
B
profit and loss account
C
receipts and payment account
D
Non profit account
correct option: a
Income and expenditure : This is the type of account that operate same features as the profit and loss account it takes in consideration all arrears and prepayments
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