NON PROFIT ORAGNIZATION Preparation of Receipt and Payment Account and Balance sheet Lecture- 9

Its one of the try to help the students who can not afford high paid Tuition and coaching center fee. in this Lecture series I am providing all the detail lecture on all chapters of accountancy . Syllabus is as per CBSE and ICSE board . In this video adjustment of Income or receipt and payment or expenditure is discussed. How to calculate Receipt if Income and Expenditure account is given and how to calculate income if Receipt and payment account is given. Practical question is done for on the topic that how to prepare receipt and payment account if Income and Expenditure account is given . After that balance sheet is prepared. All the additional information is also adjusted or their accounting treatment is also discussed in this lecture Peculiar items used in Non profit organization like subscription, donation, legacy, Endowment fund etc.is also considered while solving the question .