Define these terms: 1. Non-profit Organisation. 2. Accumulated fund. 3. Surplus. 4. Receipts and payments account. 5.
Question:
Define these terms:
1. Non-profit Organisation.
2. Accumulated fund.
3. Surplus.
4. Receipts and payments account.
5. Statement of income and expenditure.
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Nonprofit Organization A nonprofit organization NPO is an entity established for purposes other than making a profit NPOs are typically focused on ser...View the full answer
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Related Book For 
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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