Are you looking for the accounting treatment of sale of old sports material in NPO Chapter class 12 Accountancy? The treatment of sale of old sports material can be divided into three parts. Accounting treatment of Old Sports Material in…
Are you looking for the accounting treatment of sale of old news paper in NPO Chapter class 12 accountancy. See, sale of old newspaper is considered as the revenue receipts and recorded in income and expenditure account as income. How…
Are you looking for the accounting treatment of Government Grant in NPO Class 12 Accountancy? See Government grant is the help in the form of money given to NPO organisation to further strengthen its causes. If government grant does not…
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…
Looking for Difference between NPO and Profit earning organization in NPO class 12 CBSE, ISC and State Board. Not for Profit organisation and Profit earning organisations differ in their approach completely. In one hand NPO works only for welfare of…
Looking for, the difference between Receipts and Payments Account and Cash Book in NPO chapter class 12 CBSE, ISC and State Board. Both receipts and payments account and cash book are prepared on the cash basis of accounting. Both records…
Looking for the difference between Receipts and Payments Account and Income and Expenditure Account in NPO Chapter class 12 CBSE, ISC, and State Boards receipts and payments account and income and expenditure account are important financial statements of NPO organisation.…
Looking for the difference between income and expenditure account and Profit and Loss account in NPO chapter class 12 CBSE, ISC, and State Board. The income and expenditure account is prepared by a Non-profit organization and the profit and loss…
Looking for, Income and Expenditure account of NPO format, features and meaning for class 12 CBSE, ISC and State Boards Income and expenditure is one of the account prepared by non-profit organizations. It is prepared on the accrual basis of…
Looking for Receipts and Payments account of NPO format, features and limitations. See, Not-for-profit organizations prepare three types of accounts. Receipts and payments accounts are one of them. It is a kind of real account and is prepared as a…
NPO (Not for Profit Organization) is the first chapter of accountancy paper class 12 CBSE Board. This chapter is of 10 marks and very very important from an examination point of view. Here, Out discussion would be limited to some…
