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Question 5 Not yet ansacred Maried out of 1.00 Haquestion The statement of income and expenditure prepared by a non-profit organization is different from the

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Question 5 Not yet ansacred Maried out of 1.00 Haquestion The statement of income and expenditure prepared by a non-profit organization is different from the staternent of income prepared by a business organization. Below are the characteristics of the statement of income and expenditure EXCEPT Select one Capitalized items are excluded. The diference between income and expenditure is called profit or loss. O Revenue items that are related to prior ar future period are excluded. Revenue items are compared to expenditure items

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