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\nAccounting Treatment of Peculiar Items in Nonprofit Organizations\n

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\nThis video is a detailed explanation of the accounting treatment of peculiar items in nonprofit organizations, such as subscription, donations, legacies, life membership fees, entrance fees, and sale of old assets, periodicals, and...\nThis video is a detailed explanation of the accounting treatment of peculiar items in nonprofit organizations, such as subscription, donations, legacies, life membership fees, entrance fees, and sale of old assets, periodicals, and sports materials. It covers the distinction between revenue and capital receipts, and how they are presented in the receipts and payment account, income and expenditure account, and balance sheet.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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10:44
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Grade
9th - Higher Ed
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Subjects
Career & Technical Education
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Media Type
Instructional Videos
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Source:
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\nLet's Tute\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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balance sheet, revenue, accounting
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Additional Tags

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capital expenditures, what is revenue expenditures, deffered revenue expenditure, defination of subscription, peculiar items in not for profit organisation, legacies, sale of old assets, capital receipt, specific donation, revenue receipt, peculiar items, final accounts, financial statements, moving ahead, liability side, capital fund, selling price, payment account, receipt side, expenditure account, general donations, entrance fees, specific purpose, general purpose, nonprofit organization, accounting treatment, income side, expenditure, donations, subscription, purpose, amount, members, credited
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Accounting Treatment of Peculiar Items in Nonprofit Organizations\" href=\"/subscription/new\">\"Accounting\n\n
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