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Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
Question
What do you mean by Non-recurring Expenses?
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Answer

Non-recurring expenses are the expenses that are made for the acquisition of fixed assets that gives benefits for a long period.

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