Financial State...

Which of the following is the accounting equation for a non-profit organization?

When subscription is received in advance by a Non-profit organisation it is shown in____

The balance sheet of a non-profit organization such as a charitable hospital doesn’t contain the

Income and expenditure accounts show

On what basis the receipts and payments account is prepared?

The amount or property received by a non- profit organization as stated by the will of a deceased person is commonly referred to as 

Sports fund are shown in the liabilities side but if same is invested outside it becomes____

Sale of old newspapers by a non profit organisation is treated as ___________

Nongovernmental not-for-profit organizations are required to provide which of the following external financial statements?

Pahal, a nongovernmental not-for-profit organization, provides food and shelter to the homeless. Pahal received a Rs.15,000 gift with the stipulation that the funds be used to buy beds. In which net asset class should Pahal report the contribution?