A. Prepare accounts in a prescribed manner under the law
B. Prepare cash flow statements
C. Provide accounts as desired by donors
D. None of these
🧠 Explanation:
NGOs are legally required to prepare accounts in a prescribed manner under the law, ensuring transparency and accountability. For accounting or non-profit students, understanding NGO accounting highlights its role in financial governance, making it a key topic for studying regulatory compliance, non-profit management, and public trust in organizations.
