Not-for-Profit Organisations do not maintain_______account.

capital

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cash

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bank

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income

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Solution

The correct option is A capital
Non-for-Profit organisations do not maintain Capital account. They prepare income and expenditure account as profit and loss account, receipts and payments account as cash account and balance sheet. They do not maintain a capital account because of all the balance regarding the capital introduced and withdrawn are recorded in the balance sheet.

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State the meaning of 'Not-for-Profit' Organisations.

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