Not For Profit Organisations

4. -the main objective of trading concern is to
7. all capital and revenue expenses(accounting treatment)
8. - I&E records transactions only pertaining to
11. - Excess of income is known as _____
14. - Amount set aside by not for profit organization for specific purpose
16. - donation received by an organization under a will of a deceased person
17. - payment made to a person who has voluntarily undertaken a service which he would normally command a fee
18. -An _____ is an investment fund set up by an institution that makes regular withdrawals from invested capital to fund ongoing operations.
19. - all capital and revenue receipts(accounting treatment)
20. - It is a capital receipt received for a particular purpose especially from government, Intuitions and NPO's

1. - balance of the income and expenditure account is either surplus or ____
2. - main objective of NPO is to render
3. a/c is summary of all cash and bank transactions
5. -____ is a lieu of profit and loss account for an NPO
6. - receipts and payments received for specific purpose take to
9. -=Capital fund + Total Liabilities
10. - receipt or payment not yet paid is
12. - ____ receipts are are income received by organizations by carrying out the
13. - receipt or payment paid in advance is
15. - only these transactions and are recorded in I&E