Question

Non-trading organisations prepare ______.

पर्याय

• Receipts and Payments Account

• Income and Expenditure Account

• Balance Sheet

• All of these 

Answer 1

All of these

Explanation:

Non-trading organisations need to know their cash position, incomes and expenses, and financial position. Therefore, they prepare the following financial statements every year:

1. Receipts and Payments Account.
2. Income and Expenditure Account.
3. Balance Sheet.