Financial State...

Belle, a nongovernmental not-for-profit organization, received funds during its annual campaign that were specifically pledged by the donor to another nongovernmental not-for-profit health organization. How should Belle record these funds?

Which of the following financial categories are used in a nongovernmental not-for-profit organization's statement of financial position?

Surplus as shown by the Income and expenditure account is

Amount received from the sale of grass of a club should be treated as

Entrance fee is treated as

Specific donation is shown in

General donation is credited to

Which account give an idea about the cash position of a non-profit organization

An amount of Rs.5, 00,000 is received as Donation with condition that this amount will be invested as Fixed Deposit in a Bank. Income from this Investment will be used to distribute prizes to meritorious students of the society It is an example of

Mr. Shyam lal writes his will that his property will be transferred (after his death) to a Not-for-profit Organization. After death of Mr. Shyam lal, his property will be treated as capital receipt by concerned Not-for-profit Organization under the head