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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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