In the financial Statements of Not-for-profit organisations, one of the statements Incomes and Expenditures Account is also prepared along with the Receipts and Payments Account and Balance Sheet.  Table of Contents 1. Meaning of Income and Expenditure Account: – 2. Example of Income and Expenditure Account: – 1. With Surplus balance: – 2. With Deficit balance: … Continue reading What is Incomes and Expenditures Account – format in Excel & PDF