1)

Which of the following is generally considered as a non profit oriented organization?

A)Charitable organization

B)Corporation

C)Audit firms

D)Insurance companies

2)

The receipts and payments account of anon-profit organizationis a

A)Nominal account

B)Real account

C)Income statement account

D)Financial statement

3)

Non-profit organizations prepare all of the following accounts except the

A)Receipts and payment accounts

B)Income and Expenditure accounts

C)Balance sheet

D)Income statement