State the basis of accounting on which Receipt and payment Account is prepared in case of Not- for Profit Organisation.

State the basis of accounting on which Receipt and payment Account is

1.	State the basis of accounting on which Receipt and payment Account is prepared in case of Not- for Profit Organisation.
Answer» 'Receipt and payment Account' in case of Not - for - profit Organisation is prepared on Cash Basis of Accounting.

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State the basis of accounting on which Receipt and payment Account is prepared in case of Not- for Profit Organisation.

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