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Which account is equivalent to the Profit and Loss Account in a not-for-profit organization?a)Balance Sheetb)Cash Bookc)Income and Expenditure Accountd)Receipts and Payments AccountCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which account is equivalent to the Profit and Loss Account in a not-for-profit organization?a)Balance Sheetb)Cash Bookc)Income and Expenditure Accountd)Receipts and Payments AccountCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which account is equivalent to the Profit and Loss Account in a not-for-profit organization?a)Balance Sheetb)Cash Bookc)Income and Expenditure Accountd)Receipts and Payments AccountCorrect answer is option 'C'. Can you explain this answer?.

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