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SS2: FINANCIAL ACCOUNTING - 2ND TERM

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  1. Manufacturing Accounts | Week 1
    5 Topics
  2. Departmental Accounts | Week 2
    5 Topics
  3. Single Entry & Incomplete Records | Week 3
    6 Topics
  4. Account of Non-Trading Organizations | Week 4
    12 Topics
    1. Account of Non-Trading Organizations
    2. Income and Expenditure Account
    3. Receipts and Payment Account
    4. Illustration 1 - Account of Non-Trading Organizations
    5. Similarities & Differences between Receipts & Payments and Income & Expenditure
    6. Accumulated Fund
    7. Sources of Income to a Non-Profit Making Organization
    8. Illustration 2 - Account of Non-Trading Organizations
    9. Illustration 3 - Account of Non-Trading Organizations
    10. Illustration 4 - Account of Non-Trading Organizations
    11. Trading Activities
    12. Illustration 5 - Account of Non-Trading Organizations
  5. Accounting Concepts | Week 5
    4 Topics




  • Kofa Study
SS2: FINANCIAL ACCOUNTING – 2ND TERM Account of Non-Trading Organizations | Week 4
Lesson 4 of 5
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Account of Non-Trading Organizations | Week 4

Performance Objectives

  • Introduction to Account of Non-Profit Making Organization
  • Features of Non-Profit Making Organization
  • Meaning of Income and Expenditure Account
  • Features of Income and Expenditure Account
  • Format of Income and Expenditure
  • Meaning of Receipts and Payment Account
  • Features of Receipts and Payment Account
  • Limitation of Receipts and Payment Account
  • Format of Receipts and Payment Account
  • Similarities between Receipts and Payment and Income and Expenditure Account
  • Differences between Receipts and Payment and Income and Expenditure Account
  • Sources of Income to Non-Profit Making Organization
  • Illustration on Account of Non-Profit Making Organization.
  • Solution to Illustrations.
Lesson Content
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