In a not-for-profit making organization, the Receipts and Payments Accounts is the equivalent of

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Accounts - Principles of Accounts WAEC 2017

In a not-for-profit making organization, the Receipts and Payments Accounts is the equivalent of 

  • Profit and Loss Accounts
  • Income and expenditure Accounts
  • Cash Book checkmark
  • Balance Sheet

The correct answer is: C

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