Where a non-profit making organization prepares the account using accruals basis of reporting, the statement…

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Accounts - Principles of Accounts JAMB 1995

Where a non-profit making organization prepares the account using accruals basis of reporting, the statement showing how well the organization is doing is the

  • appropriation account
  • balance sheet
  • income and expenditure account checkmark
  • receipts and payment account

The correct answer is: C

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