From among the options, select the nominal account in the case of a nonprofit seeking entity.
(i) Income and expenditure account
(ii) Receipts and payments account
1
Only (i)
2
Neither (i) nor (ii)
3
Only (ii)
4
Both (i) and (ii)
From among the options, select the nominal account in the case of a nonprofit seeking entity.
(i) Income and expenditure account
(ii) Receipts and payments account