Question

Where would interest on investment to be placed in npo?

Answer 1

Answer:

hey here is your answer

Even a non-profit organization maintains proper books of accounts. It aims to facilitate simple and convenient calculation of items of income and expenditure and finding the correct position of assets and liabilities of the organization. Let us learn how this balance sheet is made and the accounting treatment of a general fund.

There are several components of the accounting system of non-profit organization. This includes the balance sheet as well. Let us understand more about the balance sheet of a non-profit organization.

hope it help u

Answer 2

Answer:

The assets of the organization are recorded on the Right side and liabilities on the Left side. The Non-profit organizations do not use the term Capital. Instead, General Fund or Accumulated Fund appears on the Balance Sheet. The NPO might also create a special fund, such as prize fund or match fund.