Account of Non-Profit Making Organization: Introduction - SS2 Accounting Past Questions and Answers - page 1
What is recorded as revenue in a non-profit organization's accounts?
Program expenses
Fundraising expenses
Contributions and donations
General and administrative expenses
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What are program expenses in a non-profit organization?
Expenses related to raising funds for the organization
Expenses directly related to the organization's mission and purpose
Expenses not directly related to the organization's mission and purpose
All of the above
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What are general and administrative expenses in a non-profit organization?
Expenses directly related to the organization's mission and purpose
Expenses not directly related to the organization's mission and purpose
Expenses related to raising funds for the organization
All of the above
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What are fundraising expenses in a non-profit organization?
Expenses related to raising funds for the organization
Expenses directly related to the organization's mission and purpose
Expenses not directly related to the organization's mission and purpose
All of the above
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What are grants and contracts in a non-profit organization?
Funds donated by individuals and corporations
Restricted funds for a specific purpose or program
Expenses directly related to the organization's mission and purpose
Expenses not directly related to the organization's mission and purpose
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What is the purpose of the accounts in a non-profit organization?
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What are program expenses in a non-profit organization?
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