Financial Statements of Not-for-Profit Organizations

Course Description

Financial Statements of Not-for-Profit Organizations
 Not-for-profit organizations: concept
 Receipts and Payment account: features
 Income and Expenditure account
 Features
 Preparation of Income and Expenditure account and Balance Sheet from
the given Receipts and Payments account with additional information
 Adjustments in a question should not exceed 3 or 4 in number and restricted
to subscriptions, consumption of consumables, and sale of assets/ old material.
 Entrance/ admission fees and general donations are to be treated as revenue
 Trading Account of incidental activities is not to be prepared.

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  • Number of lessons : 0
  • Last Updated : 24/05/2022
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