ORGANISATION

ORGANISATION . Introduction . Features of not–for–profit organisations . Receipts and Payments Account . Items peculiar to not–for–profit organisations . Income and Expenditure Account . Balance Sheet To enable the students to  Understand the features of not– for–profit organisation  Understand the accounting treatment of items peculiar to not– for–profit organisation  Prepare final accounts of not–for– profit organisation Contents Learning objectives  Not–for–profit organisation  Receipts and payments account  Income and expenditure account Key terms to know