2. Sample Papers
  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-10

  • question_answer
    Why depreciation on fixed assets is not recorded in the receipts and payments account of not-for-profit organisations?

    Answer:

    Depreciation on fixed assets is a non-cash expenditure. Therefore, it is not recorded in receipts and payments account.


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