You are a student of Nizwa College of Technology doing your academic project on working efficiency of Not for Profit Organizations in Oman. As part of your project, you visit Noorjahan Sports & Arts Club in your locality. You have observed and noted down points on membership, working, management and account preparation.

(a) Analyzing these points, what did you find out? Based on your findings, what opinion can you form about the club?

(b) Analyzing the Receipts and payments Account and the Income and Expenditure account items, what do you notice? Why is it so? Explain in detail.