what is basis of difference in marshalling of accounts in trading concern and not for profit organization
Ujjwal,
Grouping and Marshalling of accounts for profit making entity and not-for-profit organisation is done as per the needs and customs of accounting. These rules of presentation of financial statements have been developed by great accountants by experiencing the requirements of business and the users of accounting information. These methods and practices have been universally adopted and have a proven success record.
Grouping and Marshalling of accounts for profit making entity and not-for-profit organisation is done as per the needs and customs of accounting. These rules of presentation of financial statements have been developed by great accountants by experiencing the requirements of business and the users of accounting information. These methods and practices have been universally adopted and have a proven success record.