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Accounting for Management
Explanations, Exercises, Problems and Calculators
Accounting for non-trading concerns
What are non-trading concerns and what is the purpose of their formation?
How do non-trading concerns prepare their financial statements?
What is a receipt and payment account? How is it prepared?
What is an income and expenditure account? How is it prepared?
How non-trading concerns prepare their balance sheet at the end of their accounting period.
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What are non-trading concerns?
Treatment of specific items used in accounts of non-trading concerns
Receipts and payments account
Income and expenditure account
Balance sheet of non-trading concerns
Difference between income and expenditure account and profit and loss account
Difference between receipts and payments account and cash book
Difference between receipt and payment account and income and expenditure account