12 th non profit organisation ppt.
- 1. Class 12 Lesson:1 NON –PROFIT ORGANISATION Diji Sudheer Day-1
- 2. TYPES OF ORGANISATIONS • PROFIT MAKING NON- PROFIT MAKING
- 4. MEANING
- 7. Final Accounts of Not-For Profit Organisations 1.Receipts and Payments Account 2.Income and Expenditure Account 3.Balance Sheet
- 8. 1.Receipts and Payments Account It is similar to a cash book and hence it serves the purpose of a cash book. All cash transactions whether revenue or capital in nature are accounted. This account begins with opening cash balance and ends with the closing cash balance.
- 9. Features ➔It is a real account. ➔It is a summary of cash book. ➔It is prepared at the end of an accounting year. ➔It is prepared on cash basis (records only actual cash receipts and payments). ➔It records all receipts and payments of current year, previous and succeeding years.
- 10. FEATURES ➔It records all receipts and payments whether they are of capital and revenue nature. ➔Non cash items like depreciation, outstanding expenses, accrued income etc are never shown in this account. ➔It begins with opening cash in hand/at bank and ends with closing cash in hand/at bank.
- 12. activity • Identify the Receipts and Payments from the given information
- 13. • Opening cash and bank balances • Salaries • Subscription • Rent and taxes • Donations • Electricity charges • Interest on investments • Sports goods • Library books • Newspapers and periodicals • Miscellaneous expenses
- 14. THE END