Question
While private or public company produces an Income Statement to show profit or loss, this financial statement does not exist in governmental or non-profit-organizations (NPO).
While private or public company produces an Income Statement to show profit or loss, this financial statement does not exist in governmental or non-profit-organizations (NPO). What is the purpose of the Statement of Activities and how does it differ from an Income Statement of a for-profit organization?
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Cloud Audit Toolkit For Financial Regulators
Authors: Asian Development Bank
1st Edition
9292692089, 978-9292692087
