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All assets and liabilities of Non-profit organisation are reported on its statement of
  • a)
    Cash Flow statement
  • b)
    Financial position
  • c)
    Income position
  • d)
    Fund flow statement
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
All assets and liabilities of Non-profit organisation are reported on ...
A non-profit organisation’s statement of financial position which is the balance sheet for business.It presents the financial position of an entity at a given date It is one of the main financial statements. The statement of financial position reports an entity's assets, liabilities, and the difference in their totals as of the final moment of an accounting period.
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All assets and liabilities of Non-profit organisation are reported on its statement ofa)Cash Flow statementb)Financial positionc)Income positiond)Fund flow statementCorrect answer is option 'B'. Can you explain this answer?
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