Accounts of Not For Profit concern

Accounts of Not For Profit concern

A non profit organization (NPO), or non-business entity, is an organization which does not give its surplus income to owners or shareholders. It uses its revenue and/or capital to achieve its purpose or mission. The decision to adopt a non profit legal structure is...
Bills Of Exchange

Bills Of Exchange

A bill of exchange is a written order binding one party to pay a fixed sum of money to another party on demand or at some point in the future. A bill of exchange often includes three parties—the drawee is the party that pays the sum, the payee receives that sum, and...
Cash Book

Cash Book

A cash book is a financial newspaper which includes all cash receipts and disbursements, including bank deposits and withdrawals. After that, entries in the cash book are added to the general ledger. Bank plays an important role in providing various services to...
Dissolution Of Partnership

Dissolution Of Partnership

Dissolution means to wind up or to close down. When business relations among the partners in a partnership firm comes to an end, it is known as Dissolution of Partnership. When one/more partner take decision to close the partnership firm, it is known as Dissolution of...
Admission of Partnership

Admission of Partnership

The reconstitution /Admission of partnership primarily involves change in the form of partnership. There is change in agreement among the partners which leads to change in the relationship between the partners and change in share of the profit/losses of the partners...