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What form of classification of expenses is expected for a
charity whose gross income does not exceed ?250,000
preparing accruals accounts?

Question Posted / guest


What form of classification of expenses is expected for a charity whose gross income does not exce..

Answer / guest

Any classification is acceptable. Classification by
function (Costs of Generating Funds, Charitable Expenditure
etc) is not required unless gross income is over ?250,000

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