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False correct NPO treatment; receipt payment cash, income expenditure accrual basis.
Ref: NCERT Accountancy Class XII Chapter 1 Not-for-Profit Organisation explains receipt payment income expenditure account subscription calculation treatment.
Refund the entire application money correct NPO treatment; receipt payment cash, income expenditure accrual basis.
Ref: NCERT Accountancy Class XII Chapter 1 Not-for-Profit Organisation explains receipt payment income expenditure account subscription calculation treatment.
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