Monday, 11 January 2021

Accounting for NPO

there are many directors of accounts are prepared in nonprofit organisation first of all is receipt and payment account which resembles as cash book here all the counselor rated transactions are written and the cash in hand cash in bank transactions are written consecutively and balance CD is pink so there for matching other balance at the port side if there transaction at two places like salaries paid in the month of January and September both the thing is added again and are written as one paymentand two types of receipt also if Apne save Nature added and it under the same eating no date column is there only particulars and cash received and at the credit side party close and the cash paid it is being tried it is being closed at the.


the next days then X is income and expenditure account here it is same as profit and loss account in case of profit making our nation it is a non-profit organisation that is why it is being Seth income and expenditure account here as you say income and expenditure it is totally in tally different where the debit side refers to expenditure and crazy right refers to all the income when there is more income than the expenditure it is called Hercules when there is more lock expenditure than the income it is called deficit.


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