Chapter No. 1 – Financial Statement of Not-For-Profit Organisations

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The Not-for-profit organisations is that organisation which did not do their work for earning profit rather than its main objective is to do work to achieve a specific goal for the welfare of society or its members. This is also known as non-profit organisations.

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

Chapter No. 1 – Financial Statement of Not-For-Profit Organisations

Check out T.S. Grewal Book Keeping +2 @ Official Website of Sultan Chand Publication

2 Book 1 min - Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)