JAMB - Accounts Principles Of Accounts (2017 - No. 26)

One of the options below have the same features as the profit and loss account in non-profit organization

Income and expenditure account

profit and loss account

receipts and payment account

Non profit account

Explanation

Income and expenditure : This is the type of account that operate same features as the profit and loss account it takes in consideration all arrears and prepayments

JAMB - Accounts Principles Of Accounts (2017 - No. 26)

Explanation

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