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Financial statements for non trading organization​

User Mikelangelo
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Answer:

The following three types of Statements are prepared by them:- 1. Receipts & Payments Account 2. Income & Expenditure Account 3.

Step-by-step explanation:

statement of cash flows and statement of functional expenses. Three of these are similar to common for-profit company statements, with the functional expenses statement being unique.

User Ram Madhavan
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