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Why is profit &loss account not …

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Why is profit &loss account not prepared in ' not_for_profit_intitution'?

    • Posted by Preeti Prajapati 6 years, 9 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Gaurav Bansal 6 years, 9 months ago

    In npo ,non trading activities are happen and goods are not purchase and sold .so,there is no need to prepare profit loss a/c

    0Thank You

    Vikas Rider 6 years, 9 months ago

    Because NPO is a non profit organisation it a social welfare agency

    0Thank You

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