Are you looking for the Legacy accounting treatment in NPO financial statements class 12 accountancy? See legacy is the amount received by an NPO against will of a person. If person specified the purpose for which his legacy should be…
Are you looking for the accounting treatment of Donation in financial statements of NPO organisation class 12 Accountancy. See there are two kinds of donations received by NPO. One is General Donations. This kind of donation are not meant for…
Are you looking for the accounting treatment of the Life Membership Fee in the financial statement of the NPO organisation class 12 CBSE, ISC and State Board. See, Life Membership is considered as the Capital receipts as it is a…
Are you looking for the accounting treatment of Admission fees and Entrance fees in NPO organisation class 12 Accountancy? Entrance and Admission fees both are treated as revenue receipts. It is recorded in receipts and payments account as receipts on…
looking for a Fund-based accounting lecture of NPO chapter class 12 Accountancy. NPO organisation practices fund-based accounting wherein Specific Fund received are considered as capital receipts and recorded at the liabilities side of the Balance Sheet. Here are below the…
