This category includes the posts on Accounts relating to Not-for-profit organisation like Receipts and Payments account,Income and expenditure Account and preparing Balance Sheet.
15
09, 2019
OTQs – Financial Statements of NPO
Life Membership Fee is a one-time payment received by a NPO from a person to avail the membership of an organisation to avail benefit/services for life without further payment of subscription. Hence it is Capital Receipt
20
05, 2018
Accounting for Not For Profit Organisation
Meaning of NPO
Not-for-Profit organizations(NPO) are to those organizations the main purpose of which is not to earn profit but promoting commerce, art, science, religion, charity or any other useful activity for the welfare of others. The payment […]