2021 · Q49
Which one of the following concerns prepares Receipts and Payments Account?
General Accounting Principles, Auditing and InsuranceFinal accounts
- ATrading concerns
- BNon-trading concerns
- CManufacturing concerns
- DCompanies registered under Companies Act
Explanation
Non-trading concerns are organizations or entities that are not engaged in commercial or profit-oriented activities. They include various types of non-profit organizations, such as charities, religious organizations, educational institutions, and government agencies.