Accounting JAMB

The receipt and payment account of a not-for-profit-making organization plays a similar role in a profit-making organization as?
The receipt and payment account of a not-for-profit-making organization plays a similar role in a profit-making organization as?The receipt and payment account of a not-for-profit-making organization plays a similar role in a profit-making organization as?

A. a cash acount
B. a balance sheet
C. an income account
D. an expenses account

Correct Answer:

Option B – a balance sheet

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