What you will Learn Accounts of Non-Profit Organisation Identify the need for, and nature of accounting records relating to not-for-profit organisations; List the principal financial statements prepared by not for-profit organisations and explain their nature; Prepare the Receipt and Payment Account from a given data; Explain the procedure of preparing the Income and Expenditure Account from a given Receipt and Payment Account and some additional information; Distinguish between the Receipt and Payment Account and the Income and Expenditure Account; Prepare Income and Expenditure Account and Balance Sheet from a given Receipt and Payment Account and the relevant additional information; Explain treatment of certain peculiar items of receipts and payments such as subscriptions from members, special funds, legacies, sale of old fixed assets, etc.
Offered By: Vidyakul
Course Duration: 1 Year