FS of Non Profi...

_________ is a fixed annual payment and usually continue only during the life time of the named beneficiary

Life Membership is a capital receipt and will be added to capital fund in _______

Income and expenditure accounts show

When cash is received for life membership, which one of the following double entries is passed?

All assets and liabilities of Non-profit organisation are reported on its statement of

An advance receipt of subscription from a member of the non-profit organization is considered as a/an

Which of the following statement is false regarding receipt and payment account

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

_____ is a amount received by a non profit organization as per the WILL of a deceased person

Rent expense of a non-profit organization paid in advance. Which of the following is the correct classification of rent?