Accounting for ...

Which of the following is to be recorded in an income and expenditure account?

Entrance fee is treated as

The two types of restrictions on contributions that are classified as temporarily restricted are purpose and ________.

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?

Normally the principal portion of an endowment will be classified as _________________ net assets.

Honorarium is a kind of remuneration paid to a person who is not the employee of a non-profit organization. Which of the following statements is true about the honorarium payment?

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

Fund earmarked for investment in fixed assets is known as

Non-profit organizations prepare all of the following accounts except the

XYZ club has a bar that maintains a separate trading account for its trading activities. Which of the following is the treatment of profit or loss on bar trading activities?