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Non Profit Organisation refers to organisation which exist for benefit of society. This video will provide you the detailed steps to understand the Accounting for non profit organisation.
For the accounting of non profit organisation following major accounts are prepare :
1. Receipt and Payment account.
2. Income and Expenditure account.
3. Balance sheet .

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Links for other videos :

For 1st part of bill of exchange : https://www.youtube.com/edit?o=U&video_id=Q_irTxCHj6k

For trial balance without adjustments : https://www.youtube.com/edit?o=U&video_id=cWkeXtahp2Y

For trial balance with adjustments: https://www.youtube.com/edit?o=U&video_id=K1PVBo-vAMs

Foe depreciation accounting: https://www.youtube.com/edit?o=U&video_id=nBOq7IEM78o

For final accounts :https://www.youtube.com/edit?o=U&video_id=PYPbPh2a9-w

For adjustments of final accounts:https://www.youtube.com/edit?o=U&video_id=t0D6ABV3Sec

For rectification errors : https://www.youtube.com/edit?o=U&video_id=Tsm9Ipi9xMk

After watching this video i hope you are able to solve all your sums related to non profit organisation.
This video will include both question that are asked in exams. The first one is without any additional information or without any adjustment and the second is with additional information or with adjustment.

I hope this video will help you to understand the concept of accounting for non profit organisation.
Thanks
JOLLY Coaching.

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