Beneficiaries: Beginners of Accountancy(class 10 or 11), Working professionals in non-accounting areas, Management executives
$ Meaning of NPO
$ Important terms used in NPO - Donation, Membership Fee, Entrance Fee, Subscription, Loans, Grants from Government and Institutions, Funds, Life membership fees, legacy, Honorarium, Capital Fund
$ Preparation of receipts & Payments account, Income and expenditure account, Opening balance sheet and Final balance sheet
$ Accounting treatment for Subscriptions - Advanced & arrears, General donations & Special donations, General & special grants, Entrance and admission fees, general legacy and specific legacy, sale of old assets, Cost of goods consumed(stationary, cricket balls)
$ Fund based accounting : prize fund, Match fund, sports fund, Building fund
$ Diff between Income and expenditure account and Profit and loss account
$ Diff between Receipts & payments account and Income and expenditure account
$ Diff between Cash book and Receipts & Payments account
$ Highlight on Capital expenditure, Revenue expenditure, capital receipts and revenue receipts
Note: All the necessary writing materials shall be provided by the Trainer with a study material