State the meaning of ‘Not- for- Profit’ Organisations.

State the meaning of Receipt and Payment Account.

State the meaning of Income and Expenditure Account.

What are the features of Receipt and Payment Account?

What steps are taken to prepare Income and Expenditure Account from a Receipt and Payment Account?

What is Capital Fund? How is it calculated?

From the following particulars relating to Silver Point, prepare a Receipt and Payment account for the year ending March 31, 2017.

As per Receipt and Payment Account for the year ended on March 31, 2017, the subscriptions received were Rs. 2,50,000. Additional Information given is as follows:
1. Subscriptions Outstanding on 1.4.2016 Rs. 50,000
2. Subscriptions Outstanding on 31.3.2017 Rs.35,000
3. Subscriptions Received in Advance as on 1.4.2016 Rs.25,000
4. Subscriptions Received in Advance as on 31.3.2017 Rs.30,000
Ascertain the amount of income from subscriptions for the year 2016–17 and show how relevant items of subscriptions appear in opening and closing balance sheets.

Explain the basic features of Income and Expenditure Account and of Receipt and Payment Account.

Extract of a Receipt and Payment Account for the year ended on March 31, 2015:
Payments:
Stationery Rs. 23,000
Additional Information

Shiv-e-Narain Education Trust provides the information in regard to Receipt and Payment Account and Income and Expenditure Account for the year ended March 31st 2017:

On March 31, 2016 the following balances appeared:
Investments Rs.1, 60,000; Furniture Rs.40, 000; and Books Rs.20, 000.

Prepare opening and closing balance sheet.

From the following particulars, prepare Income and Expenditure account: