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QUESTION 2 a) State any FOUR (4) main sources of income for Non-Profit Organizations. (4 Marks) b) Prepare Receipt and Payments Accounts of a Jaya
QUESTION 2 a) State any FOUR (4) main sources of income for Non-Profit Organizations. (4 Marks) b) Prepare Receipt and Payments Accounts of a Jaya Bersatu club for the year ended 31 December 2020 from the following particulars: RM Opening balance of Cash 51.000 Receipt of entrance fees 28.000 Subscription received: 2019 13,000 2020 42,000 Life membership fee 8,500 Entrance fees 6,000 Donation receives 67,000 Purchased of investment 40, 800 Rent paid 9.000 Salaries paid 20.000 Electricity charges 4.100 Printing and stationery 800 Payment for purchase of cricket ball 2,000 Insurance premium paid 1.300 Miscellaneous Expenses 400 (16 Marks) [Total: 20 marks)
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