Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 7 - No. 31)

Which of the following is NOT a principal financial statement for a not-for-profit organization?

Income and Expenditure Account

Statement of Financial Position

Receipts and Payments Account

Statement of Cash Flows

While a Statement of Cash Flows can be prepared, it's not considered a principal statement in the same way as the other two for not-for-profit.