CBSE Class 12 Accountancy Accounting For Not For Profit Organisations Notes Set B

Download CBSE Class 12 Accountancy Accounting For Not For Profit Organisations Notes Set B in PDF format. All Revision notes for Class 12 Accountancy have been designed as per the latest syllabus and updated chapters given in your textbook for Accountancy in Class 12. Our teachers have designed these concept notes for the benefit of Class 12 students. You should use these chapter wise notes for revision on daily basis. These study notes can also be used for learning each chapter and its important and difficult topics or revision just before your exams to help you get better scores in upcoming examinations, You can also use Printable notes for Class 12 Accountancy for faster revision of difficult topics and get higher rank. After reading these notes also refer to MCQ questions for Class 12 Accountancy given on studiestoday

Revision Notes for Class 12 Accountancy Part 1 Chapter 1 Accounting for Not for Profit Organisation

Class 12 Accountancy students should refer to the following concepts and notes for Part 1 Chapter 1 Accounting for Not for Profit Organisation in Class 12. These exam notes for Class 12 Accountancy will be very useful for upcoming class tests and examinations and help you to score good marks

Part 1 Chapter 1 Accounting for Not for Profit Organisation Notes Class 12 Accountancy

UNIT-09

ACCOUNTING FOR NOT FOR PROFIT ORGANISATIONS

1. Meaning of NPO :-

Non profit organizations are those organizations which are established for a Social/Charitable/Cultural purpose & not for earning profit. They render services for the promotion of Art, Culture, Sports, Education & Healthcare etc.

2. Features of NPO :-

a) They are registered distinct entities b) They render services to the society at nominal charges c) Their basic motive is not profit earning but social service.

3. Final Accounts of NPO :-

They prepare the following financial statements at the end of the accounting period:-

1. Receipts & Payments A/c;

2. Income & Expenditure A/c;

3. Balance sheet.

4 Distinction between Receipts & Payments A/c & Income & Expenditure A/c

class_11_Accountancy_concept_2

4. Calculation of Subscription to be credited to Income & Exp. A/c.
Note : - Taking the figure of subscriptions received from the Receipts & Payments a/c as the base, additions for subscription of the current year though outstanding and subtraction of the subscription of the past & future period should be done to arrive at the figure to be credited to Income & Expenditure a/c. It should be clearly kept in mind that only the subscription of the current year should be considered even if it is outstanding and the subscription of the past & future period even if received in the current year should be excluded.

ACCOUNTING FOR NOT FOR PROFIT ORGANISATIONS

ACCOUNTING FOR NOT FOR PROFIT ORGANISATIONS

ACCOUNTING FOR NOT FOR PROFIT ORGANISATIONS

ACCOUNTING FOR NOT FOR PROFIT ORGANISATIONS


Please click the link below to download pdf file for CBSE Class 12 Accountancy Accounting For Not For Profit Organisations Notes Set B.

Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Retirement Or Death Of A Partner Notes
Part 1 Chapter 05 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissolution Of A Partnership Firm Notes
Part 2 Chapter 03 Financial Statements Of a Company
CBSE Class 12 Accountancy Financial Statement Of Companies Notes

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CBSE Class 12 Accountancy Part 1 Chapter 1 Accounting for Not for Profit Organisation Notes

We hope you liked the above notes for topic Part 1 Chapter 1 Accounting for Not for Profit Organisation which has been designed as per the latest syllabus for Class 12 Accountancy released by CBSE. Students of Class 12 should download and practice the above notes for Class 12 Accountancy regularly. All revision notes have been designed for Accountancy by referring to the most important topics which the students should learn to get better marks in examinations. Studiestoday is the best website for Class 12 students to download all latest study material.

Notes for Accountancy CBSE Class 12 Part 1 Chapter 1 Accounting for Not for Profit Organisation

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Part 1 Chapter 1 Accounting for Not for Profit Organisation Notes for Accountancy CBSE Class 12

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Part 1 Chapter 1 Accounting for Not for Profit Organisation CBSE Class 12 Accountancy Notes

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Notes for CBSE Accountancy Class 12 Part 1 Chapter 1 Accounting for Not for Profit Organisation

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