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    				| 1. | How are advance subscription accounted for in npo? | 
| Answer» and loss account is prepared to know the profit earned or loss SUFFERED by an organisation during the year. But Non - profit organisation do not WORK for profit MOTIVE. Balance of Income and expenditure is KNOWN as SURPLUS or deficit. Income and Expenditure Account is prepared to know the surplus or deficit.hope it helps my best bro.✌️❤️ | |