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Question 2. Not for Profit Organisations (a) (i) What are Not for Profit Organisations? (i) List, and briefly explain, two (2) effects that incorporation has

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Question 2. Not for Profit Organisations (a) (i) What are "Not for Profit Organisations"? (i) List, and briefly explain, two (2) effects that "incorporation" has on the function of a Not for Profit Organisations (b) The Bronte Golf& Social Club has the following summary of cash receipts and payments for the year ended 30 June 2018: Receipts Payments Bar wages Office Wages Bar& Dining Room | Members Subscriptions 27,800 Members Joining Fees Green Fees-non members 18,000 27,700 25,000 4,000 3,500 1,200 800 2,000 12,000 Bar & Dining Room Sales 80,000 Purchases Office Expenses Cleaning and maintenance Insurances Electricity & Lighting Maintenance Equipment 2,800 Other Information Subscriptions in Arrears Subscriptions in Advance1,500 Bar and Dining Room 30/06/2018 200 1,000 3,000 01/07/2017 500 4,000 -, |Inventory 700 44,400 25,000 10,000 Office Wages Accrued Cash at Bank 400 5,600 25,000 Bar Equipment | Bar Equipment Accumulated Depreciation5,000 Maintenance Equipment. Accumulated Depreciation - Maintenance Equipment 2800 500 Required: (i) Members Subscriptions account. (i) Bar & Dining Room Trading. (ii) Income & Expenditure. i har g inina Reon Tradui

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