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Accounts For Not For Profit Organization Part 1. This is chapter 1 from Double Entry Book Keeping Class XII Commerce Accountancy / Accounting. Theory Base of Accounting we can say. In this video, we have covered the following topics of chapter 1 Accountancy; Meaning of Financial Statements of Not For Profit Organizations. Characteristics / features of Not For Profit Organizations. Meaning of Receipts and Payments Account. Meaning of Income and Expenditure Account. Differentiate between Receipts and Payments Account and Income and Expenditure Account.
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