Complete the sentence: Pune University prepares _____ Account instead of a Profit and Loss Account.
Q.1 (C) (ii) Complete the sentence: Pune University prepares _____ Account instead of a Profit and Loss Account.
1 answer
Best answer
Answer: Income and Expenditure
A university is a not for profit concern. It prepares an Income and Expenditure Account, which shows the surplus or deficit of the year, instead of a Profit and Loss Account.
Doubtly AI
· 28 Oct 2026
AI-generated · not yet verified
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.