Accountancy Part AAccounts for Non Profit Organsiation

For containing the accounts of all incomes, expenses, assets and liab…

For containing the accounts of all incomes, expenses, assets and liabilities the NPO's maintain.........

Answer & explanation

Correct answer: option 2

These type of institutions are also maintain a ledger containing the accounts of all incomes, expenses, assets and liabilities which facilitates the preparation of financial statements at the end of the accounting period.