FS of Non Profi...

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

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

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

Classifying expenses into program activities and supporting activities is known as the _______ basis

All revenues and expenses of a Non-profit organisation are reported on its statement of

The receipts and payments account of a non-profit organization is a 

Contribution received by a Non-profit organisation is shown in the statement of activities under the caption

Which of the following is generally considered as a non profit oriented organization?

Which of the following is not an restricted fund

The statement of _______ may be prepared under the direct or indirect method.

A nonprofit organization's assets that have been designated by its board of directors for a specific project should be reported on the external financial statements as__________________ net assets.

All expenses of a Non-profit organisation are reported as part of the changes in ___________________ net assets.

Which of the following is true relating to Income and expenditure account

Which form of financing is allowed for a nonprofit organization?

Excess of expenditure over income of a Non-profit organisation is termed as______

Reporting expenses by categories such as salaries, rent, utilities, etc. is known as the ______ basis.

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

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

A loan or advance for which the principal or interest payment is overdue for a period of 90 days is called:

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