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      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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