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P2 C9 Accounts ol‘Non—trading Concerns — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C9 Accounts ol‘Non—trading Concerns1 Mark
Question
Why does a non-trading concern prepare Its accounts?
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Answer

A non-trading concern prepares its accounts to provide information to its members regarding the receivables and payable and if possible to obtain grant (Subsidy) from the government.

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