class 12 accountancy Not for Profit Organisation (NPO) notes
Accounting for Not-for-Profit Organisation...Short & Easy Notes for Board Exam #1. What is Not-for-Profit Organisation(NPO)? Objectives? Characteristics? => Not-for-Profit Organisation are those which established to provide service to the society and its members for promotion of Art, Culture, Sports, Education and Religion development. It is not established for earning profit. i.e, School, College, Club, Hospital, Doctors, Lawyers, Engineer, ETC. Following are its Objectives; i. To provide service to the Society. ii. To promote Art, Culture, Religion, Sports, and Educational Development. Following are its Characteristics; i. They do not earning profit. ii. Its main source of income are: (A)Donation (B)Subscription ...