Identify the steps in preparation of final accounts of not for profit organization (NPO) A. Prepare Balance Sheet of NPO B. Prepare Income and Expenditure Account from Receipts and payment Account C. Prepare Receipts and payment Account D. Adjust outstanding/prepaid expenditure/Income and determine surplus/ Deficit E. Prepare cash book Choose the correct answer from the options given below:

Question

Identify the steps in preparation of final accounts of not for profit organization (NPO) A. Prepare Balance Sheet of NPO  B. Prepare Income and Expenditure Account from Receipts and payment Account  C. Prepare Receipts and payment Account  D. Adjust outstanding/prepaid expenditure/Income and determine surplus/ Deficit E. Prepare cash book  Choose the correct answer from the options given below:

cdquestions Admin · Accepted Answer

The correct option is (A): E, C, B, D, A

Answer

E, C, B, D, A

Answer

D. E, A, B, D

Answer

A, B, C, D, E

Answer

E, C, A, B, D

The Correct Option is A

Solution and Explanation

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