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in Accounts of Not-For-Profit Organisation by (48.0k points)

Income and Expenditure Account is prepared to find out ……………. 

(a) Profit or loss 

(b) Cash and bank balance 

(c) Surplus or deficit 

(d) Financial position

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2 Answers

+1 vote
by (48.4k points)

(c) Surplus or deficit 

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by (65 points)
(c) Surplus or deficit

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