Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solution

In this post, we have provided the Question wise solution of all Questions of Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class 12. But first we will discuss the meaning of Not-for-Profit Organisations and  then we will solved all problems: 

Meaning of Not-for-Profit Organisations: –

Not-for-profit organisations are that organisations that did not do their work to earn profit rather than their main objective are to do work to achieve a specific goal for society’s welfare or its members. These are also known as non-profit organisations.

The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee. 

The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee. 

Examples: –

• Charitable Hospital
• Charitable School, College or Educational Institutions
• Particulars Club of any Society, Colony or city
• Gurudwaras, Temple, Church and Masjids

Check out the full article: –

Not-for-Profit Organisations – Meaning and Overview

Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 1 – Accounting Not for Profit Organisations – USHA Publication Class +2 – Solutions are shown below: –