Bookkeeping
ACCOUNTS OF NON - PROFIT MAKING ORGANISATION
Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.
ACCOUNTS OF NON - PROFIT MAKING ORGANISATION
Statement of Financial Position
Prepare a statement of a financial position for nonprofit making organisation
Identify the need of a statement of a financial position for nonprofit making organisation
Describe the components of a statement of a financial position for nonprofit making organisation
Statement of Income and Expenditure
Prepare a statement of income and expenditure from receipts and payment accounts
Prepare a Statement of Income for trading activities
Reconstruct income and expenditure accounts
Describe a Statement of Income and Expenditure
Statement of Affairs
Ascertain accumulated fund
Prepare a Statement of Affairs
Describe a Statement of Affairs
Nature of Non - profit-making organisations
Identify source of funds and expenditures for non- profit making organisations
distinguish profit and non- making organisations
Explain meaning of Non - profit-making organisations
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