Question

Which one of the following concerns prepares Receipts and Payments Account?

A Trading concerns Correct Answer Incorrect Answer
B Non-trading concerns Correct Answer Incorrect Answer
C Manufacturing concerns Correct Answer Incorrect Answer
D Companies registered under Companies Act Correct Answer Incorrect Answer

Solution

Non-trading concerns are organizations or entities that are not engaged in commercial or profit-oriented activities. They include various types of non-profit organizations, such as charities, religious organizations, educational institutions, and government agencies.

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