Identify the steps in preparation of final accounts of not for profit organisation (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

Option 1: E, C, B, D, A

Option 2: D, E, A, B, D

Option 3: A, B, C, D, E

Option 4: E, C, A, B, D

AfterBoards · Accepted Answer

The answer is 'E, C, B, D, A'. View full solution:

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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