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Why is books purchased by npo …

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Why is books purchased by npo and government bonds not shown as an expense in income and expenditure account

    • Posted by Goshmi Abrol 5 years, 8 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Ankit Singh 5 years, 8 months ago

    Because it is asset for a non for profit organization and organisations working for social work

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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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